Nigeria: Crude Oil Price Tops Agenda As Nigeria’s President Set to Meet Saudi, Qatari Leaders

Worried by his country’s dwindling fortunes amidst the low price of crude, Nigeria’s Muhammadu Buhari is set to meet his Saudi and Qatari counterparts.

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President Buhari will begin a week-long official visit to Saudi Arabia and Qatar on February 22, his spokesperson, Femi Adesina, said on Sunday in Abuja.

Mr. Adesina said the President would first fly to Riyadh for talks on Tuesday with King Salman Bin Abdulaziz Al Saud and senior officials of the Kingdom of Saudi Arabia.

Mr. Buhari will be accompanied on his visit by his petroleum minister, Ibe kachikwu, a former top executive of Exxon Mobil and current Group Managing Director of the Nigerian National Petroleum Corporation, NNPC.

Achieving a greater stable price of crude oil will top the agenda of discussions, Mr. Adesina said, as OPEC and non-OPEC oil producing countries seek ways to get more money for exported crude.

Last week, officials of Saudi Arabia, OPEC’s largest oil producer, met with their counterparts from Russia, Qatar, and Venezuela where they agreed to freeze production at January’s level if other oil producers agree.

Categories: Nigeria Crude Oil

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