Nigeria Proposes $78/b Oil Price Benchmark For 2015 Budget

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« on: October 17, 2014, 09:00:33 AM »

Nigeria is proposing an oil price benchmark of $78/barrel for the purposes of revenue calculations in its 2015 budget, according to a government paper seen Thursday, amid concerns over falling oil prices in the international market.

The 2015 oil price benchmark, which is slightly higher than the $77.50/b price for the current 2014 budget...
Source: http://www.ereporter.com.ng/index.php/business-news/item/561-nigeria-proposes-78-b-oil-price-benchmark-for-2015-budget

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