OPEC AND OIL PRICES

Nigeria Has Capacity to Raise Output to 2mn b/d within Three Months 

From the point of view of technical production capacity, Nigeria could produce up to 1.8mn b/d right away and reach 2mn b/d within three months, maintaining this level for five years without any further exploration, according to the new Nigerian Oil Minister, Mr. Alhaji Rilwanu Lukman. In an interview with the London Financial Times, published on 3 March, Mr. Lukman said that Nigeria was trying to...