Friday, May 27, 2011

Nigeria will send stand-in for oil min to OPEC

ABUJA (Reuters) - Nigeria will send a stand-in government official to a meeting of the oil producer group OPEC because Africa's largest crude exporter will be without an oil minister after the country's cabinet is dissolved next week.

The Organization of the Petroleum Exporting Countries (OPEC) meets in two weeks time to discuss its members' oil output quotas with prices hovering above $100 a barrel.

"There will be no gap to worry about, we will be sending a representative to the meeting," a spokesman for Nigeria's state oil company told Reuters. He did not say who this would be.

Nigerian President Goodluck Jonathan will be inaugurated on Sunday and his cabinet is expected to be dissolved soon after. Jonathan has said it will take two weeks for his new cabinet to be assembled following his signing in ceremony.

Civil servants will run the country in the interim.

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