Sunday, February 21, 2016

Media: Nigeria supports the idea to freeze the level of oil production – RIA Novosti

oil. Archival photo

© AP Photo / Hasan Jamali

MOSCOW, February 21 -. RIA Novosti Nigeria supports the idea of ​​freezing oil production, but at the same time He believes that Iran and Iraq should be left to recover lost market share, according to Bloomberg, citing Minister of energy the country’s Emmanuel Kachikvu (Emmanuel Kachikwu).

currently, the OPEC countries, as well as the state, is not included in the cartel, discussing the possible freezing of oil production to stabilize the market situation. Russia, Saudi Arabia, Qatar and Venezuela on February 16 agreed to maintain oil production at average 2016 January level, if other manufacturers will join this initiative. Later, the Venezuelan oil minister said that the proposal was supported by Ecuador, Algeria, Nigeria and Oman. The agreement also expressed Kuwait.

“At the moment, we do not export even the amount (of oil), which is provided for OPEC us. Nigeria will continue to look for opportunities to increase production, but not for sale because we have an internal consumption necessary for us “, -. the minister told reporters in Doha, where he met with Qatari counterpart

the Minister also noted that in this month’s production in Nigeria, the largest producer of oil in Africa, will be at the level of 2.2 million barrels per day, and these amounts are unchanged from January of this year.

at the same time, in his opinion, Iran and Iraq will only return the lost positions on the market of “black gold “because of sanctions and war, so against these players should set a higher level of freezing.

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