Edmund Daukoru
Edmund Daukoru
Edmund Maduabebe Daukoruis a former Nigerian Minister of State for Energy and was Secretary General of the Organization of the Petroleum Exporting Countriesin 2006. He became the Amayanabo, or traditional ruler, of Nembe Kingdom in 2008...
blocks interior
Two of the onshore blocks are well into the interior of the country.
meeting moving parallel
The two are moving in parallel but there is no meeting point.
clean played raise
We've already played this gimmick, ... We want to play clean so we don't even raise the ceiling.
ask giving
We are giving them all they ask for, and what they can process.
conference paperwork sign soon together
We are doing a mini-bidding conference on May 19 and, thereafter, as soon as we can put the paperwork together we'll sign the deals.
decision free full taken taking
We know we are taking a risk. But it is not a world free of risks. We've taken a decision full of risks.
almost china seen
That's what we have almost seen with China and India's demand.
case cutting high low
Anything in the high $50's or low $60's isn't a case for cutting output.
fair market price
A fair price is what the market can sustain.
market oil remained
The oil market has remained well-supplied with crude.
action decisive extra market reassure saying
OPEC is not going to be the decisive action but we want to reassure the market by saying we have this extra capacity,
committed fix keeping market reasonable
OPEC is committed to supplying the market at a reasonable price. Of the two, we're more committed to supplying the market and keeping it stable. I can't fix the price.
market meet obligation rest takes
Just rest assured, we are under obligation to the market to keep the market well supplied. We meet as often as it takes to micro-manage the short-term volatility.
bush good opinions sincerely
I think those opinions are sincerely held, and the good thing about the Bush administration is that it's very outspoken. There is no fudging the issues.