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Saturday, November 21, 2009 8:38 PM

Published 11/03/2009 by AllAfrica.com


Opec is Comfortable With Country's Industry Reforms - El-Badri

Sopuruchi Onwuka — Organization of Petrroleum Exporting Countries (OPEC) has endorsed the controversial Petroleum Industry Bill (PIB) currently undergoing review in the National Assembly, saying the provision for transformation of Nigerian National Petroleum Corporation (NNPC) to become a commercial player...

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What others report on the same story

Oil Will Remain in Demand - Opec
Sopuruchi Onwuka — The western collaboration in the search for fuel alternative to petroleum is no threat to the Organization of Petroleum Exporting Countries (OPEC) ... - [11/03/2009 - AllAfrica.com]

Quotes

"This organisation was created to defend our rights against the multinationals and we've been able to do so. We have very successfully defended our rights. We create our national companies and now we are on equal basis. We have contracts with them the way we want. Member countries should really cooperate with the IOCs because they have the finance, they have the technology and we can cooperate together now because we are on equal basis, not as in the past."
Opec is Comfortable With Country's Industry Reforms - El-Badri [AllAfrica.com - 11/03/2009]
"This industry is an international industry; really, you cannot depend on yourself, this deep drilling, there are very few companies that are specialised in it, and so we have to buy that technology. Nigeria or Libya or even Saudi Arabia cannot do everything on their own; they cannot have the seismic technology, they cannot have deep drilling, whether off shore or onshore."
Opec is Comfortable With Country's Industry Reforms - El-Badri [AllAfrica.com - 11/03/2009]
"So, sometimes you have to rely on the services of other specialised companies who have nothing but this specialty."
Opec is Comfortable With Country's Industry Reforms - El-Badri [AllAfrica.com - 11/03/2009]

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