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What future for OPEC? [Business Africa]

Business Africa

<p><strong>Another fall in global oil prices despite <span class="caps">OPEC</span> agreement to cut oil production.</strong></p> <p>When will the current war on oil prices end? </p> <p>The question resurfaces as the price of black gold continues to fall despite an <span class="caps">OPEC</span> agreement to reduce world production to 10 million barrels per day. </p> <p>The decision, however, is not respected by many of its member countries including Saudi Arabia. </p> <h2 style="font-size:16px;">Congo: oil production</h2> <p><strong>Current oil crisis does not seem to influence oil production in the Republic of Congo which recntly signed a 20-year oil deal.</strong></p> <p>The current crisis experienced by oil-producing countries does not seem to influence oil production in the Republic of Congo.</p> The country recently signed an oil production sharing deal which includes the exploitation of gaseous hydrocarbons. <p>The contract could eventually deliver more than 500 million barrels of oil over the next 25 years.</p>