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International records / CIA Reading Room

MAJOR LDC DEBTORS: FINANCIAL IMPACT OF AN OIL PRICE DECLINE

financial resources. Even with a small price drop, however, Egypt and Nigeria would be confronted ... drop in Nigerian production, triggered a $5.50/bbl reduction in Nigeria 's official price. OPEC ... Nigeria followed with a price drop of $2/bbl, under- cutting Norwegian and British prices by 65 cents. ...

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