State Petroleum Resources Minister Timipre Sylva said yesterday Nigeria is part of the Organization of the Petroleum Exporting Countries (OPEC) decision to cut crude oil production by 2 million barrels for November.

According to his spokesman Horatius Egua on Tuesday, the minister said this was to stabilize the market and not out of ulterior motives.

The statement read: “The decision taken by OPEC+ during our meeting on October 5, 2022 to voluntarily…

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