L
LequteMan
Guest
Mrs Diezani Allison-Madueke, the President, Organisation of Petroleum Exporting Countries (OPEC), said on Wednesday Nigeria needed to develop another strategy to stay competitive in the dwindling crude oil market.
Allison-Madueke, who is also Nigeria’s Minister of Petroleum Resources, stated this when she spoke with State House correspondents at the Presidential Villa, Abuja.
She said that the country could no longer afford to ``do business as usual`` considering the prevailing decline in global demand for the product.
The OPEC president described the falling oil prices as challenging for the organisation, saying that the task before the organisation was to stabilise the plummeting crude oil prices in the international market.
To that end, she said, OPEC would watch the market closely and would decide when it would convene an extra-ordinary meeting to consider the issues at stake.
#Nigeria #OPEC
Allison-Madueke, who is also Nigeria’s Minister of Petroleum Resources, stated this when she spoke with State House correspondents at the Presidential Villa, Abuja.
She said that the country could no longer afford to ``do business as usual`` considering the prevailing decline in global demand for the product.
The OPEC president described the falling oil prices as challenging for the organisation, saying that the task before the organisation was to stabilise the plummeting crude oil prices in the international market.
To that end, she said, OPEC would watch the market closely and would decide when it would convene an extra-ordinary meeting to consider the issues at stake.
#Nigeria #OPEC
