OPEC AND OIL PRICES

Nigeria Proposes Formation of "Consultative Group" of African Oil Exporters 

A Nigerian proposal to form a consultative group of African oil exporting countries has met with an "enthusiastic response," according to Nigeria's Oil Minister, Prof. Tam David-West. Speaking in Lagos on 17 December after a meeting with the chief executive of Petrozaire, the Zairean state oil company, Prof. David-West said that a formal meeting of the proposed...