Petroleum Africa
Find us on: 
Wednesday, September 27, 2017
With Libya and Nigeria both seeing their respective crude production levels on the rise, some members of OPEC are calling for the two countries’ respective productions to be reined in under the group’s output quotas. Both Libya and Nigeria have been exempted from capping production due to internal issues affecting output levels.
Iran’s Oil Minister, Bijan NamdarZanganeh is one of those calling for the two African producers to be added to the quota system. Compliance with the output cuts has been “acceptable,” Zanganeh told reporters in Tehran. He went on to say that OPEC should now focus on “the situation with Libya and Nigeria.”
“OPEC’s actions are working and compliance is acceptable overall, although there needs to be some change,” Zanganeh said, referring to OPEC members’ compliance with their pledges to pump less. “Changes are really related to Libya and Nigeria and the 100 percent compliance of everyone.” He didn’t elaborate.
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
