While Nigeria failed to reduce its oil production in September due to attacks on Saudi oil facilities, it will resume compliance with the OPEC+ oil output cut deal in October, Oil Minister Timipre Silva said on Thursday
MOSCOW (Pakistan Point News / Sputnik - 03rd October, 2019) While Nigeria failed to reduce its oil production in September due to attacks on Saudi oil facilities, it will resume compliance with the OPEC+ oil output cut deal in October, Oil Minister Timipre Silva said on Thursday.
"Unfortunately, [due to] the events in Saudi Arabia ... we felt that at that moment we may not be required to comply because of the shortages on the occasion of the Saudi attack, but definitely we will put everything back in motion, for compliance, I mean October, we are definitely going to cut back and comply," Silva said at the Russian Energy Week forum.
The Russian Energy Week runs from October 2-5 in Moscow. The Rossiya Segodnya International Information Agency is an official media partner of the event.
