"All stakeholders met with the president yesterday... He wants to see how we can avoid frequent review in fuel prices...The president will soon announce measures to achieve these plans."
The Nigerian government is seeking to end frequent adjustment in prices of petroleum products that have been stoking unrest in the country, by boosting local production and supply, Oluwole Oluleye, head of the Petroleum Products Pricing Regulatory Agency, said. He also said that a meeting was held Monday in Abuja between President Umar Yar'Adua and other stakeholders in the industry.

"We are closely monitoring Hurricane Dean and will continue preparations at [ExxonMobil] facilities in closest proximity to the storm as necessary."
ExxonMobil on Monday said it was continuing normal production operations at its Gulf of Mexico and Mobile Bay operations despite Hurricane Dean, because the storm's track was to the south of those operations. In an update on its web site, ExxonMobil did note that about 2,100 b/d of Gulf liquids production and 21,000 Mcf/d of natural gas output was shut-in due to a third-party [Maritech] platform shut-in at the company's Vermillion 164 platform in the western Gulf.

Updated: August 21, 2007