Nigeria Urges OPEC to Revert to Production Management
Nigeria's Oil Minister, Mr. Rilwanu Lukman, has called upon OPEC to revert to its policy of "production management" in view of the current oversupply in the world oil market. In a press interview in Lagos on 13 March, the Nigerian Minister said that strict adherence by member countries to their OPEC-allocated quotas would help to restore market stability. In his opinion both OPEC's December 1985 decision to...
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