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Odein Ajumogobia

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Article
/ 8 February 2008

Nigeria adopts new gas policy to favour domestic users

Energy-rich Nigeria has approved a new policy requiring gas producers to direct a part of their output to the domestic market, rather than exporting it, a presidential statement said on Friday. Under the new policy regime, "all oil and gas developers in the country are to allocate a specified amount of gas from their reserves and annual production to the domestic market", it said.

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Article
/ 5 December 2007

Oil up as Opec agrees no output change

Oil rose on Wednesday after the Organisation of the Petroleum Exporting Countries (Opec) decided to keep output levels unchanged, rebuffing consumer-country calls for more crude to rein in prices now near a barrel. Opec also agreed to meet again at the end of January to review its decision ahead of a regular March gathering.

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Article
/ 11 November 2007

Nigeria minister sees $100 oil shortlived

There is no fundamental justification for oil at a barrel and Organisation of the Petroleum Exporting Countries (Opec) member Nigeria is assuming that prices will not last at this level, Oil Minister Odein Ajumogobia said on Saturday. He said that no one in Opec would be surprised if the price fell to in the next few weeks.

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