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News ID: 41807
Publish Date : 16 July 2017 - 20:59

Nigeria to Support OPEC’s Cuts After Reaching Stable Level




VIENNA (Dispatches) - The Nigerian oil minister has said the country is ready to limit crude oil output as soon as it reaches a steady 1.8 million barrels per day.
 "As a serious member of OPEC, we stand ready to support the cuts when we are sure that we can have a stable, predictable production.
We still are below the 1.8 million barrel a day benchmark set for us by OPEC. I think that over the next one or two months, hopefully, we can get to that point where we can say the recovery has been tested, it is systemic and predictable,” said the minister Emmanuel Kachikwu.
Nigeria and Libya are exempted from the cartel’s deal due to militancy that crippled their output last year.