Saudi Arabia will not reduce oil production alone, said Minister of Energy

The Saudi energy minister said on Wednesday that his country would not reduce oil production, while Nigeria said it was too early to say it would participate in any decision of the country. pumping reduction.

Khalid al-Falih was in Abuja for a meeting with Nigerian Oil Minister Emmanuel Ibe Kachikwu.

The Saudi official said that signals from Iraq, Nigeria and Libya, partners of the kingdom within OPEC, were positive before the group meeting in Vienna on December 6, as they wanted all the stability of the oil markets.

Kachikwu said it was too early to say whether Nigeria would participate in any initiative to reduce pumping.

Falih, whose country is the de facto leader of OPEC, said early November that the abundance of oil supply could cause the group and its allies to take action to reduce production. from here 2019.

Nigeria has been exempted from the previous wave of pump reduction, started in 2017, due to internal conflicts that have reduced oil activity. The country's crude output has since recovered.