Nigeria To Cut Oil Output By 40,000 Bpd Under New OPEC-non-OPEC Deal - Oil Minister
Mohammad Ali (@ChaudhryMAli88) Published December 07, 2018 | 10:33 PM
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.
Recent Stories
HEC reviews curricula for environmental sciences degree programme
ICC Asia looking forward to an action-packed Asia Cricket Week
Yuvraj Singh named ICC Men’s T20 World Cup 2024 Ambassador
Greece hands Olympic flame to 2024 Paris Games hosts
Two Kyiv hospitals evacuating over feared Russian strikes
World must act on neurotech revolution, say experts
Charles & Catherine's cancer diagnoses
Champions Alcaraz and Sabalenka through in Madrid Open
King Charles to resume some public duties during cancer treatment: palace
US defense chief announces $6 bn in security aid for Ukraine
Heavy rains cause damage to Spezand-Taftan railway track
Woman stabbed in Israel, attacker killed: police
More Stories From Business
-
Finance minister reviews progress on FBR digitalization
8 hours ago -
US stocks rebound on tech earnings, London hits new record
8 hours ago -
US approves gene therapy treatment for hemophilia
8 hours ago -
KATI president for inclusion of agri sector in tax net
8 hours ago -
Ahsan chairs 13th CPEC-JCC preparatory meeting, reviews arrangements for high-level delegation’s v ..
10 hours ago -
Police to take every step for security of business community: IGP
10 hours ago
-
WB director, Planning minister discuss reforms in development projects
10 hours ago -
IP rights crucial in achieving SDG : Jam Kamal
11 hours ago -
FBR’s data protection efforts commended by OECD assessment team
11 hours ago -
US stocks rebound on tech earnings, London hits new record
12 hours ago -
SECP-IFSB workshop highlights Pakistan's progress in Islamic Finance Development
12 hours ago -
SBP to announce monetary policy on April 29
12 hours ago