The Organisation of Petroleum Exporting Countries (OPEC) and its allied oil producers, known as OPEC+, yesterday insisted that defaulting countries, including Nigeria, must adhere to total compliance with the oil production output cuts agreement in April. This is coming as the Nigerian National Petroleum Corporation (NNPC) yesterday kicked against a swift relocation of tank farms from their current locations along Ijegun, Kirikiri areas in Lagos and other parts of the country, saying that it will cause a dislocation in the supply and distribution chain of petroleum products across the country. The corporation said the country should achieve the full rehabilitation of the refineries and the completion of the Dangote Refinery to enable the country exit fuel importation before their relocation. OPEC also expressed optimism that market conditions are gradually improving, but noted that all participating countries must renew their commitment to ensuring stability in the […]