VOA NEWS: NIGERIA CUTS OIL PRODUCTION FIVE PERCENT
October 31, 2008
October 31, 2008
WASHINGTON, Oct. 31 -- The Voice of America issued the following story:
By Chinedu Offor
Nigeria has announced a five percent cut in its crude oil production and exports. Officials attribute the decision to a decline in international demand and disruptions of operations by militants in the Niger Delta. Analysts say the cut will drastically affect the country's budget, which relies heavily on oil revenues. Attacks by militants have reduced Nigeria's overall . . .
By Chinedu Offor
Nigeria has announced a five percent cut in its crude oil production and exports. Officials attribute the decision to a decline in international demand and disruptions of operations by militants in the Niger Delta. Analysts say the cut will drastically affect the country's budget, which relies heavily on oil revenues. Attacks by militants have reduced Nigeria's overall . . .