VOL XXX

NO. 8

1-DECEMBER-1986

OPEC AND OIL PRICES

Nigeria Favors "Realistic" Fixed Price

Nigerian Oil Minister Rilwanu Lukman - the current President of the OPECConference - favors a return to fixed prices, but believes that these must be setat a "reasonable" level and that the mechanisms for attaining themmust be clearly worked out.

Mr. Lukman, speaking in a newspaper interview published in Lagos on 27November, said that "we prefer fixed prices that are more useful forpurposes of budgeting and...