Nigeria To Cut Oil Output By 40,000 Bpd Under New OPEC-non-OPEC Deal - Oil Minister

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Nigeria to Cut Oil Output by 40,000 Bpd Under New OPEC-non-OPEC Deal - Oil Minister

Nigeria will reduce oil production under the new OPEC-non-OPEC agreement by about 40,000 barrels per day, Nigeria's Minister of State for Petroleum Resources Emmanuel Ibe Kachikwu told reporters on Friday.

VIENNA (UrduPoint News / Sputnik - 07th December, 2018) Nigeria will reduce oil production under the new OPEC-non-OPEC agreement by about 40,000 barrels per day, Nigeria's Minister of State for Petroleum Resources Emmanuel Ibe Kachikwu told reporters on Friday.

Participants of the OPEC-non-OPEC oil production cut deal agreed during a meting in Vienna earlier in the day to reduce overall oil production by 1.2 billion barrels per day.

Nigeria has been exempt from cuts under the previous agreement since January 2017 due to the ongoing domestic military conflict.

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