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Friday, July 31, 2020 | History

1 edition of OPEC and Nigeria"s international economic relations found in the catalog.

OPEC and Nigeria"s international economic relations

OPEC and Nigeria"s international economic relations

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  • 37 Currently reading

Published by Dept. of Economics, University of Jos, Nigeria in [Jos] .
Written in English

    Subjects:
  • Organization of Petroleum Exporting Countries.,
  • Petroleum industry and trade -- Nigeria.,
  • Nigeria -- Foreign economic relations.

  • Edition Notes

    Statementby Eghosa Osagie (edited)
    ContributionsOsagie, Eghosa.
    Classifications
    LC ClassificationsHD9577.N52 O64 1985
    The Physical Object
    Paginationiii, 308 p. :
    Number of Pages308
    ID Numbers
    Open LibraryOL17210909M

    Download the complete History and International Relations project topic and material (chapter ) titled OBASANJO'S ADMINISTRATION AND NIGERIA'S INTERNATIONAL DIPLOMACY, - here on See below for the abstract, table of contents, list of figures, list of tables, list of appendices, list of abbreviations and chapter one. Click the DOWNLOAD NOW button to get the .   The United States may fondly dream of independence from imported oil, but it would do well to remember that the traffic is not one way. OPEC Secretary General Abdullah al-Badri told the Reuters Global Energy Summit he had been hearing for years that the world’s biggest oil consumer was seeking ways to avoid importing OPEC oil, but he was confident it would carry on burning fossil fuel for.

      By Sebastine OBASI NIGERIA’S rig count for the month of November, , increased by one, as the country recorded 29 as against 28 recorded . OPEC Annual Report: Author: Organization of Petroleum Exporting Countries: Publisher: Public Relations Department, Organization of the Petroleum Exporting Countries, Original from: Pennsylvania State University: Digitized: Export Citation: BiBTeX EndNote RefMan.

    OPEC is as much an Islamic organization as it is an economic cartel. For any real followers of Nigeria, in the more than thirty years of Nigeria's membership of the cartel, there have hardly been. Organization Of The Petroleum Exporting Countries (OPEC) OPEC stands for Organization of the Petroleum Exporting Countries. It is a permanent, intergovernmental organization, created at the Baghdad Conference in September by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.


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OPEC and Nigeria"s international economic relations Download PDF EPUB FB2

The most populous country within OPEC, Nigeria has around million inhabitants. Located on the Gulf of Guinea on Africa’s western coast, Nigeria covers an area of around thousand square kilometres.

Abuja, the capital sincehas a population of more than one million. English is Nigeria’s official language, although many local. The OPEC said the burden of the cut would shared with non-OPEC allies, led by Russia. On Friday, Moscow torpedoed an attempt by the big oil producers to cut output and stabilize the market.

ISBN: OCLC Number: Notes: Papers from a conference on "25 years of Nigeria's foreign policy" organized by the Nigerian Institute of International Affairs. International Political Economy.

The main line of development of IPE in the s and s was centered in the International Relations community and took the form of the analysis of what was called in book titles and course catalogues "The Politics of International Economic Relations" or "The Political Economy of International Relations.".

The Organization of the Petroleum Exporting Countries (OPEC, / ˈ oʊ p ɛ k / OH-pek) is an intergovernmental organization of 13 nations, founded on 14 September in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela), and headquartered since in Vienna, of Septemberthe 14 member countries accounted for an estimated 44 percent of OPEC and Nigerias international economic relations book Baghdad, Iraq.

As a historical note, OPEC was founded in September by Venezuela, Saudi Arabia, Iran, Iraq and Kuwait. Of the additional six countries in OPEC [Qatar (), Libya (), Indonesia (), United Arab Emirate (), Algeria () and Nigeria ()], Nigeria was the last to join in July during the Gowon military regime.

OVER the past decade, the economic growth of the industrialized West has been based in large measure upon a prodigious expansion in sources of energy. Oil has made the largest single contribution to that expansion; and the stepped-up consumption of oil has been especially marked among basic industries engaged in production and transport.

In consequence, Western industry has become Cited by: 2. The economy of Nigeria is a middle-income, mixed economy and emerging market, with expanding manufacturing, financial, service, communications, technology and entertainment is ranked as the 27th-largest economy in the world in terms of nominal GDP, and the 22nd-largest in terms of purchasing power parity.

Nigeria has the largest economy in Africa; its re-emergent manufacturing Country group: Developing/Emerging, Lower. To remove excess oil in the international market, OPEC and 10 non-OPEC countries had agreed in December to cut oil production by million barrels per day effective from January for an.

This book examines the history of OPEC, and the political and economic events that have shaped the organisation and the world economy since its creation in It covers the background to its establishment, its struggle to find a role, and the way it revolutionised attitudes within the oil by: This study dwells extensively on Nigeria’s contributions to the attainment of the goals and aspirations of the Organisation of Petroleum Exporting Countries (OPEC) from when it became a member of the organisation till date.

It relies on secondary sources of data collection obtained from textbooks, newspaper, articles, journals as well as the organisation’s website. Organization of Petroleum Exporting Countries (OPEC), multinational organization (est.

formally constituted ) that coordinates petroleum policies and economic aid among oil-producing nations. Its Board of Governors and board chairperson are elected by. The meeting of the Joint Ministerial Monitoring Committee of OPEC and Non OPEC Countries ended in Vienna on Friday endorsing Nigeria’s position that the exemption granted it at the November Ministerial Conference and extended by the May Ministerial Conference should be sustained until it stabilizes its crude oil production.

natural gas has played a major role in the international economy. Due to this fact, many events in the International economic relations are depended on the production and trade by oil.

Countries, possessing the large reserves logi-cally should have a strong bargaining tool to influence their own political and economic status in the world by: 2. OPEC "OPEC's objective is to co-ordinate and unify petroleum policies among Member Countries, in order to secure fair and stable prices for petroleum producers; an efficient, economic and regular supply of petroleum to consuming nations; and a fair return on capital to those investing in the industry." - OPEC Press Conference in ViennaFile Size: 1MB.

nigerias foreign policy: an assessment of nigeria-us relations in the fourth republic INTRODUCTION Nigeria as every other independent nation in the international system conducts its foreign policy and relations with other states in ways it deems appropriate as nations cannot successfully function in isolation.

John A. Ayam/The Development of Nigeria-U.S. Relations economic relations. On the whole, diplomatic relations between Nigeria and the United States remained generally amicable.

By Janu, a military coup had overthrown the government of Prime Minister Tafawa Balewa and a gradual, though clearly discernibleFile Size: KB. Nigeria is the most populated nation on the African continent and contains a vast wealth of natural resources.

It is the largest petroleum producer in Africa, and a key exporter of oil to both Western Europe and the US, and yet the political economy of Nigeria remains one of gross indebtedness, inefficiency and mismanagement. Here, the author brings together these issues in a far-ranging.

OPEC, a cartel. Stephen Chen, Farah Ereiqat, Stephanie Hall, Jennifer Wong. A country 's foreign policy consists of self-interest strategies chosen by the state to safeguard its national interests and to achieve its goals within the international relations milieu.

It is the aggregate of a country’s national interest which results from the interaction of internal and external forces as perceived by the foreign policy decision makers.

The proposal for a new international economic order led to the establishment of the OPEC Fund for International Development, which is a multilateral development finance institution seeking to promote co-operation between OPEC members and other developing File Size: KB.Nigeria’s first major economic crisis of the oil era hit the Shehu Shagari government in the early s.

That government’s response, as set out in the Economic Stabilisation (Temporary Provisions) Act ofhad at its core the curtailment of imports. The 12 members of OPEC – Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela .