Comment, OPEC - It's time to say good-bye...
Article from: OGEL 2 (2003), in OGEL Profiles
Summary
With Nigeria as one of the top ten producers in OPEC, this country's position of influence in the world oil industry is significant for a variety of reasons. Firstly, as the world's largest population of black people, and with its nascent democracy, Nigeria is seen as playing a stabilizing role in this organization that is highly influenced by the Arab-speaking world. Additionally, its high population level and hence relatively low oil production ratio, relative to its population, compared with other members, places Nigeria as one of the members that stands to gain the most from increasing ...