IMPACT OF BNOC'S DEMISE IS MORE POSITIVE THAN NEGATIVE, SAYS NIGERIA'S DAVID-WEST

On present evidence Nigeria views the impact of the British Government's decision to abolish BNOC as "more positive than negative," according to Nigerian Oil Minister Tam David-West. Speaking at a press briefing in Geneva on 20 March, Mr. David-West opined that the disappearance of BNOC and its by now almost meaningless official price would have a "salutary psychological effect on...