OPEC+ Appoints Nigeria s Oil Minister as Special Envoy for Africa - Statement Thu 04th February 2021 | 12:30 AM
MOSCOW (UrduPoint News / Sputnik - 04th February, 2021) The OPEC+ Joint Ministerial Monitoring Committee (JMMC) has appointed Nigeria s Minister of State for Petroleum Resources Timipre Sylva as the alliance s special envoy for consultations with the African participants in the oil cuts agreement, OPEC said in a statement on Wednesday. In line with the principles of fairness, transparency and equity that underpin the [OPEC+], the JMMC has mandated the Minister of State for Petroleum Resources of Nigeria, HE Timipre Sylva, to undertake a mission as Special Envoy to the following Participating Countries: Congo, Equatorial Guinea, Gabon and South Sudan, OPEC said.
OPEC, Non-OPEC withdraw 2.1 billion barrels in 9 months
On
Appoints Sylva Special Envoy to consult with DoC nations
By Udeme Akpan
THE Organisation of Petroleum Exporting Countries, OPEC, and non-OPEC member States, have withdrawn 2.1 billion barrels of excess oil from the volatile oil market, thus raising hope on market stability.
According to OPEC, which commended Nigeria for supporting its efforts, said the 2.1 billion barrels were slashed from the market between April 2020 and January 2021.
In a statement obtained by
Vanguard from OPEC at the end of its 26th Meeting of the Joint Ministerial Monitoring Committee (JMMC), which took place via video conference on Wednesday, 3rd February, 2021, under the Chairmanship of HRH Prince Abdul Aziz bin Salman, Saudi Arabia’s Minister of Energy, and Co-Chair HE Alexander Novak, Deputy Prime Minister of the Russian Federation, OPEC stated: “The Committee further noted that DoC participants pledged to achieve full conformity and ma
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Nigeria: Lekoil responds to press speculation
08 Jan 2021
LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, notes the recent local press speculation in relation to a letter received by the Company from the Honourable Minister of State of Petroleum Resources of Nigeria in connection with the prior acquisition of a significant shareholding in the Company by
Metallon Corporation and the requirements that a significant change in shareholding be in adherence with the requirements of Nigerian Petroleum Act and related guidelines and procedures.
The Company confirms that it has notified Metallon of this matter and has advised Metallon, as a matter of urgency, to liaise with the Federal Ministry of Petroleum Resources in order to resolve any issues arising from the acquisition of Metallon s shareholding.
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