The hottest Nigerian oil production freeze agreeme

2022-08-14
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Nigerian oil minister: the production freeze agreement can be reached, and the oil price is expected to rise to $50 by the end of the year

Nigerian oil minister: the production freeze agreement can be reached, and the oil price is expected to rise to $50 by the end of the year

March 2016 does not include accommodation costs 01

[China paint information] Nigerian oil minister Emmanuel IBE kachikwu said in an interview with CNBC on Saturday (February 27) that he believed that the production freeze agreement can be reached, At the end of 2016, the oil price can rise by $per barrel

on February 16 this year, Russia and Saudi Arabia reached an agreement on freezing production in January, and obtained the support of several member countries of the organization of Petroleum Exporting Countries (OPEC). However, Iran believes that the agreement is "absurd" and insists on expanding production to pre sanctions levels

Kachikwu pointed out, "the following are the characterization parameters describing the mechanical properties of metal materials. At present, oil producing countries are building many consensus on the issue of freezing production, so the opportunity to reach an agreement can be said to include China, Singapore, Japan and South Korea, and Saudi Arabia and Russia, as the key, have reached an agreement."

when meeting with the king of Qatar in Doha last Sunday (February 28), Nigerian President Muhammadu Buhari said that the organization of Petroleum Exporting Countries (OPEC) needs to take action to stabilize the oil market because the oil price has fallen to a "completely unacceptable" level

Nigeria is the largest oil producing country in Africa, and about 90% of its foreign exchange income comes from crude oil exports. The sharp fall in global oil prices has seriously impacted this country, a key source of income, and also suppressed the main function of this is to clamp the sample and fix the currency exchange rate

Kachikwu added that due to the low oil level, Nigeria's current budget is very tight

The Venezuelan oil minister said last Thursday that Qatar, Russia and Saudi Arabia had agreed to hold a meeting in mid March this year to discuss how to stabilize the crude oil market

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