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Nigeria has a total of 159 oil fields and 1481 wells in operation according to the Department of Petroleum Resources. [16] The most productive region of the nation is the coastal Niger Delta Basin in the Niger Delta or "South-south" region, which encompasses 78 of the 159 oil fields. Most of Nigeria's oil fields are small and scattered, and in ...
Fitch: [26] BB-. Outlook: Stable. Foreign reserves. $38.77 billion (31 December 2017 est.) [19] All values, unless otherwise stated, are in US dollars. Change in per capita GDP of Nigeria, 1950–2018. Figures are inflation-adjusted to 2011 International Geary-Khamis dollars. The economy of Nigeria is a middle-income, mixed economy and emerging ...
Coal, petroleum reserves, natural gas, peat, hydroelectricity, solar and wind are major energy resources in Nigeria [3][4][5] and the country remains a top producer of crude oil and natural gas in Africa. Its production in 2022 averaged 1.2 million barrels of oil per day (bopd), [6] and 300 barrels per day (bpd) of condensate, making it the ...
In 1971, the Nigerian National Oil Corporation (NNOC) was created to handle direct commercial operational activities in the oil industry on behalf of the Federal Government. [4] However, the Department of Petroleum Resources in the Federal Ministry of Mines and Power continued to exercise statutory supervision and control of the industry. In ...
Although Libya has more reserves, there were 37.2 billion barrels (5.91 × 109 m 3) of proven oil reserves in Nigeria as of 2011, ranking the country as the largest oil producer in Africa and the 11th largest in the world, averaging 2.28 million barrels per day (362 × 103 m 3 /d) in 2006. At current rates this would be 45 years of supply if no ...
Modupe Alakija. . (m. 1976) . Children. 4. Website. www.folorunsoalakija.com. Chief Folorunsho Alakija (born July 15, 1951) is a Nigerian businesswoman and philanthropist. [1][2][3] She is currently the group managing director of The Rose of Sharon Group and also serves as executive vice chairman of Famfa Oil Limited.
Sweet Crude is a documentary film about Nigeria 's oil-rich Niger Delta directed by Sandy Cioffi. The film premiered in April 2009 at the Full Frame Documentary Film Festival and has since screened at 30 film festivals around the world and has won numerous awards. On April 12, 2008, members of the Sweet Crude filmmaking crew were detained by ...
Businessman, philanthropist. Years active. 1963-present. Mohammed Indimi OFR (born 12 August 1947) is a Nigerian businessman and philanthropist. He is the founder and chairman of Oriental Energy Resources (OER), [1] a privately held Nigerian oil exploration and production company. [2][3] As of October 2023, his net worth was estimated at US$500 ...