President Muhammadu Buhari today in Doha, Qatar expressed his total displeasure on the current price of crude oil at the international market urging the members of OPEC to take action in order to stabilize the price of the product. The President did this while chatting with Emir of Qatar, Sheikh Tamim Bin Hammad Al-Thani at the Amiri Diwan (Emir’s Office) in Doha, Qatar.
“The current market situation in the oil industry is unsustainable and totally unacceptable,” Buhari told Qatar’s ruler during a meeting in Doha, his office said in a statement.
Speaking on the second day of his visit, Buhari highlighted the need for cooperation between OPEC and non-OPEC producers.
“We must cooperate both within and outside our respective organizations to find a common ground to stabilize the market,” said Buhari, who also discussed ways to stabilize prices with Saudi Arabia’s King Salman in Riyadh last week.
On Thursday, Venezuela’s oil minister said Qatar, Russia, and Saudi Arabia had agreed to a meeting in mid-March as part of efforts to stabilize oil markets.
Femi Adesina, the President’s spokesman also revealed that Nigeria and Qatar signed two bilateral agreements to “boost economic cooperation” between the countries. There was an agreement to avoid double taxation and tax evasion as well as another that would pave the way for direct flights between major cities of both countries
