Nigeria passes 2018-2020 budget, raises oil price estimate

[Meanwhile + 49]

How are they going to meet 2018 budget target despite OPEC oil cap

 

https://www.reuters.com/article/nigeria-budget/update-2-nigerias-parliament-passes-2018-2020-budget-framework-raises-oil-price-estimate-idUSL8N1O53LW

[JohnAtronis + 78]

I am sure Nigerian authorities will "manage":) They always do. Besides,  they are the only OPEC member producing a special blend of crude oil, “Sweet Crude”, with condensate, whose production is not covered by OPEC regulation and output computation.

[Stephen + 67]

Seems like Nigeria, along with Libya, agreed to a collective cap on their output that exceeds the nations’ current production