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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Secondary Navigation Africa Europe Latin America Middle East North America Search Search: Nigeria cuts oil exports AP - Friday, October 31 ABUJA, Nigeria - Nigeria is reducing its crude oil export volume by 5 percent in line with new quotas announced by OPEC, the state oil company said Thursday. A statement by the Nigeria National Petroleum Corporation said that November and December exports would be reduced and that other individual cargoes had also been cancelled for those months. No further details were given. The 13-member Organization of Petroleum Exporting Countries that includes Nigeria announced last week that it will slash oil production by 1.5 million barrels to stem the dramatic collapse in oil prices. Nigeria _ which boasts Africa's largest oil industry _ has been been hard hit by plummeting crude prices which have forced a dramatic downward revision of the country's 2009 budget. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Oil Price Hike Nigeria cuts oil exportsAP - Friday, October 31 LUKOIL slashes 2009-2011 capex plan on oil priceReuters - Friday, October 31 World oil prices higher in Asian tradeAFP - Thursday, October 30 WRAPUP 1-Russia to cut oil exports, tycoon seeks OPEC entryReuters - Thursday, October 30 Related Articles: World Obesity blamed for doubling rate of diabetes casesAP - 2 hours 44 minutes ago Congo 'catastrophe' feared as Goma fears the worstAFP - Friday, October 31 US dress-up fest Halloween hit by political correctnessAFP - Friday, October 31 UN chief urges Hezbollah to be political partyAP - Friday, October 31 In UK, head of radio station quits over prank callAP - Friday, October 31 Related Full Coverage oil price hike oil price hike All Full Coverage Most Popular – World Viewed When men see red, they see hot: study Asian stocks soar on US Fed rate cut McCain in defiance as Obama boosted by economic data World's fattest man weds friend's widow Desperate pleas end in despair as starlet's nephew found dead View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology

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