Fidelity bank card banner Camano banner
Cooperate to stabilise oil market, Buhari tells OPEC members

By News Express on 28/02/2016

Views: 2,272


President Muhammadu Buhari on Sunday in Doha emphasised the need for member states of Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC members to cooperate and find a common ground to stabilise crude oil prices.

Speaking at a bilateral meeting with the Sheikh Tamim Bin Hammad Al-Thani, the Emir of the State of Qatar, President Buhari described the current market situation in the industry, which has seen oil prices plummet by 70 per cent since mid-2014, as “totally unacceptable.”

He said: “As members of OPEC and Gas Exporting Countries Forum (GECF), our relations in the areas of oil and gas, which our two nations heavily rely on, need to be enhanced and coordinated for the benefit of our people.

“The current market situation in the oil industry is unsustainable and totally unacceptable.

“We must cooperate both within and outside our respective organisations to find a common ground to stabilise the market, which will be beneficial to our nations.”

The President used the occasion of his address to the Emir to commend the existing cordial bilateral relations between both countries and invited prospective Qatari investors to take advantage of the abundant opportunities in Nigeria and invest in the key areas of energy, agriculture, real estate development, banking and finance.

He assured prospective investors of government protection of their persons and investment, noting that in the course of his visit, the delegations from Nigeria and Qatar would formalise at least two bilateral agreements to boost economic cooperation between both countries.

President Buhari also weighed-in on the situation in the Middle East, commending the role Qatar is playing in resolving the present Syrian crisis, the Palestinian cause and efforts in reconstructing Gaza.

His words: “The conflicts in Yemen and Syria with their attendant humanitarian crisis need genuine international effort to solve. Nigeria as a peace loving country identifies with the State of Qatar in all her peace efforts in the world to end terrorist activities.

”Nigeria is a victim of terrorism. It is with heavy heart that I stand before you and say activities of Boko Haram have led to loss of many lives and displacement of innocent people in our dear nation.

“We, however, take pride to inform you that since our coming to power, Boko Haram has been systematically decimated and are in no position to cause serious threat to our development programmes.

“I wish to reiterate that Nigeria rejects violence and extremism in all their ramifications, and assure your Highness that we are with the State of Qatar in your efforts to fight terrorism and injustice in your region and in the world at large.”

Buhari also called for a lasting solution to the Israeli – Palestinian conflict , saying: “We in Nigeria, like the State of Qatar, favour a ‘Two State’ solution, with the State of Palestine living side by side with the State of Israel.

“I want to assure you that we will stand side by side with you, until our brothers and sisters in Palestine achieve their desired objectives.

“Our support for various Security Council resolutions restoring and respecting 1967 boundaries with Jerusalem as capital of Palestine is firm and unshaken.”

•State House Photo shows President Buhari during the bilateral talks with Sheikh Tamim Bin Hammad Al-Thani, Emir of the State of Qatar.

Source News Express

Posted 28/02/2016 7:51:43 PM

 

 

CLASSIFIED ADS

 

You may also like...
Censors board unbans Half of A Yellow Sun...

Ekiti workers lose hope of getting salary backlog...

Bad boy for life: MEND Leader Henry Okah...

NAMB chairman cautions microfinance banks against giving out...

Fuel scarcity cripples flight operations

Boko Haram bows to superior firepower, surrenders Dikwa...

NMA demands justice for late Ochanya, raped by...

MASSOB faults Buhari, says Nigeria’s unity negotiable

More than 100 killed in Congo clashes days...

Imo Air travellers lament hike in fare few...

Retrenchment: FG seeks way forward, invites banks for...

434 dead as cholera ravages 18 states

 

Latest News 2 arrested for having sex in public in Maiduguri Husband, wife, son found dead in Lagos apartment Jonathan gets new appointment Cattle rustling, kidnapping now attract death penalty in Katsina CAN Presidency: We didn’t endorse Ayokunle’s re-election — Northern Christians Islamic State terrorists release new guerrilla war manual APC NWC summons emergency meeting over Zamfara Apapa gridlock: Operation Totality Enforcement begins Protesters litter Edo Assembly with faeces Attah to Buhari: Implement true federalism now or Nigeria disintegrates Okowa commissions Admiralty University, lauds collaboration between military, centres of learning Oil spills: Bayelsa communities accuse regulators of complicity with IOCs

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (482,206 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (420,275 views) Shameless Genevieve Nnaji exposes breasts in public (358,785 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (307,176 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (271,078 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (241,656 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (229,725 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (211,513 views) 10 cars more expensive than Jets (203,811 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (200,882 views) Lagos plane crash: Journalist releases victims’ names (181,625 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (181,618 views)

 

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (91) Business & Economy (4,278) Business Verdict (71) Columnists (1,035) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (615) Features (754) Global Business Monitor (366) ICT Monitor (44) International (3,479) Interview (180) Live Commentary (29) Love Matters (161) Maggie's Blog (276) News (46,528) Opinion (1,244) Pidgin (17) Politics (10,826) Religion (1,009) Sports (2,013) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera