OPEC

NIGERIA EXPECTED TO TRIM OUTPUT TO OPEC QUOTA LEVEL

Ian Seymour Reports from Geneva 

Although it is generally admitted that Nigeria is currently producing more than its OPEC quota, OPEC circles are optimistic, after the meeting of the Ministerial Executive Council in Geneva on 30 April-1 May, that Nigeria will within a reasonable time span return to its OPEC quota level. Having delayed the planned visit to Nigeria of the OPEC auditors Klynveld Kraayenhof for some months, the...