Nigeria Will Continue To Upholding Its Obligations Under OPEC ‘s DoC, says Minister

 


From Kenechukwu Obiajuru, Yenagoa


The Nigerian minister of state Petroleum Resources (Oil) Senator Heineken Lokpobiri has reaffirmed the nation’s steadfastness to the Organization of Petroleum Exporting Countries’ (OPEC ) Declaration of Cooperation (DoC)


He made this position known when he participated at the 58th meeting of the Ministerial Monitoring Committee (MMC)

where the ministers reviewed the crude oil production data for November and December 2024.


He noted that “I participated in the 58th Meeting of the OPEC Joint Ministerial Monitoring Committee (JMMC), where we reviewed the crude oil production data for November and December 2024.


“The committee noted the high overall conformity among OPEC and non-OPEC countries under the Declaration of Cooperation (DoC), reaffirming our collective commitment to stability and cohesion in the global oil market”.


According to Senator Lokpobiri “Nigeria remains steadfast in upholding its obligations under the DoC, recognizing the importance of collaboration in ensuring market balance and long-term sustainability. Our commitment aligns with our broader objective of transforming the oil sector to maximize production while maintaining compliance with agreed frameworks.


“As we continue on this path, we remain dedicated to optimizing our resources and enhancing efficiency within the sector as we contribute meaningfully to global energy stability while advancing national economic growth”.

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