Why nigeria became important in opec




















This covered the six joint ventures, sixty-two production-sharing contracts and other ad-hoc assignments. In his capacity, he handled the commercial and administrative aspects of the LNG Investment Businesses. Office Mail Toggle navigation.

The discovery was made by Shell-BP, at the time the sole concessionaire. Nigeria joined the ranks of oil producers in when its first oil field came on stream producing 5, bpd. After , exploration rights in onshore and offshore areas adjoining the Niger Delta were extended to other foreign companies. Jihadist ambush kills three Nigeria troops. At least three Nigerian troops died when scores of jihadists ambushed a military convoy in northeastern Yobe state, two security sources said on Saturday.

COP26 talks stumble on climate cash 'cliffhanger'. Sleep-deprived COP26 negotiators on Saturday struggled to bridge deep divisions holding up a deal to deliver the emissions cuts and The Steeled Sounds of Stainless. Both topical issues attracted a high level of OPEC representation and are comprehensively covered in the Bulletin. At OPEC, the thinking is futuristic. The concern is not just about having oil for here and now, but how to make sure that the resource is well managed and continues to be available to meet the ever-increasing need for cleaner and affordable energy supplies, especially for the developing countries, in the challenging years ahead.

What did they discuss? The links and symbiosis between Nigeria and OPEC are too numerous to mention in their entirety now, but I often think part of the explanation of the successful partnership goes back to the creation of OPEC. A mere 17 days later, on October 1, , Nigeria proclaimed its independence and a new era was entered into. The destiny of the two were inter-linked from this point in time.

President Buhari has maintained his avid interest in our Organization and we all draw inspiration from his commitment.



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