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Cablegate: Nigeria to Abide by Opec Quota, Enact Production

This record is a partial extract of the original cable. The full text of the original cable is not available.

160540Z Dec 04

UNCLAS LAGOS 002516

SIPDIS

SENSITIVE BUT UNCLASSIFIED - HANDLE ACCORDINGLY

STATE FOR AF/W
STATE FOR CA/OCS/FROBINSON
STATE FOR EB/ESC/IEC/ENR/BLEVINE
STATE FOR DS/IP/AF
STAT FOR INR/AA
STATE PASS DOE FOR DAS JBRODMAN AND CGAY
STATE PASS TREASURY FOR ASEVERENS AND SRENENDER
STATE PASS DOC FOR PHUPER
STATE PASS TRANSPORTATION FOR MARAD
STATE PASS USAID FOR GWEYNAND AND SLAWAETZ

E.O. 12958: N/A
TAGS: EPET ECON NI
SUBJECT: NIGERIA TO ABIDE BY OPEC QUOTA, ENACT PRODUCTION
CUTS


GON Indicates it Will Abide by OPEC Production Cuts
--------------------------------------------- -------

1. (SBU) Alhaji Jafaru Paki, Special Assistant to the
President on Petroleum, confirmed to Energy Off on 14
December that the GON intends to abide by OPEC's request to
"maintain discipline" with respect to OPEC quotas. Paki
demurred from characterizing this as a "production cut."
However, complying with the current OPEC production ceiling
of 2.224 million barrels/day will entail a reduction of
between 150,000 and 200,000 barrels/day. Major energy firms
contacted by Energy Off had not yet received instructions
from the GON or the Nigerian National Petroleum Corporation
(NNPC) to reduce production.
BROWNE

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