Could OPEC be looking to go green? Or is the cartel warily keeping an eye on a possible competitor? Edmund Daukoru, president of OPEC and also the oil minister of Nigeria, recently met with Petrobras CEO Sergio Gabrielli. Apparently Petrobras, which is owned by Brazil, is looking into importing liquid petroleum gas (LPG) from Nigeria. Brazil imports LPG from neighboring Bolivia, which has been steadily increasing its prices.
But it's Daukoru's interest in the world's ethanol capital that's of interest. He is meeting with Petrobras to discuss importing ethanol into Nigeria while the African nation looks into building its own ethanol production.

Note that Nigeria, as the U.S.' fifth largest source of imported oil, is not facing a fuel shortage. Is Daukoru's visit a harbinger of the future? Or mutual economic policy?

[Source: Associated Press via Houston Chronicle, Wikipedia]

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