The Nigerian government has announced a full deregulation of its downstream sector, raising the price of petrol to US$0.73 per litre
Downstream
IRM expands focus to UK and West Africa
IRM Systems (IRMS), the independent authority in emergency pipeline repairs, announced that it has opened its first office in Aberdeen
IMF warns Gabon about heavy reliance on oil
Gabons economy received a one-off boost from oil production in 2015 but cannot rely too heavily on oil as a long-term driver of growth
Nigeria and Saudi leaders meet to discuss oil price
Nigerian president, Muhammadu Buhairi, has been in talks in Riyadh with Saudi Arabias King Salman Bin Abdulaziz Al Saud, in response to plans by Russia, Saudi Arabia, Qatar and Venezuela to freeze oil production to January levels if other producers do likewise
Nigeria to meet Saudi and Qatar in the wake of OPEC production freeze
The Nigerian oil minister, Emmanuel Ibe Kachiwku, will be meeting next week with his Saudi Arabian and Qatari counterparts in the wake of the news from OPEC of a multi-country production freeze