24/12/1992 Africa Energy Intelligence N°101

NIGERIA

SOFT SALES

Oil markets reacted positively on Dec. 17 to Nigeria's voluntary 10% cut in production (180,000 bpd) which would bring output down to under the country's 1,85 million bpd OPEC "allocation" the term "quota" is no longer used as it's considered very outdated in the Gulf. (...)   [212 words]   [€1,5]
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