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Petroleum industry in Nigeria. Nigeria is the second largest oil and gas producer in Africa (after Angola ). [1] Crude oil from the Niger Delta basin comes in two types: light, and comparatively heavy – the lighter has around 36 of API gravity while the heavier has 20–25 of API gravity. Both types are paraffinic and low in Sulphur. [2]
The economic history of Nigeria falls into three periods. They are the: pre-colonial, the colonial and the post-colonial or independence periods. [1] The pre-colonial period covers the longest the part of Nigerian history. The colonial period covers a period of 60 years, 1900-1960 while the independence period dates from October 1, 1960.
Crude Oil, Gas, petroleum products, petrochemicals, Website. petroleumresources .gov .ng. The Federal Ministry of Petroleum Resources is a part of the Federal Ministries of Nigeria that directs petroleum resources and its activities in Nigeria. The President, Bola Tinubu is the current minister of petroleum. [1] [2]
Ondo, 9. Rivers. The current conflict in the Niger Delta first arose in the early 1990s over tensions between foreign oil corporations and a number of the Niger Delta 's minority ethnic groups who feel they are being exploited, particularly the Ogoni and the Ijaw. Ethnic and political unrest continued throughout the 1990s despite the return to ...
The history of Nigeria can be traced to the earliest inhabitants whose remains date from at least 13,000 BC through early civilizations such as the Nok culture which began around 1500 BC. Numerous ancient African civilizations settled in the region that is known today as Nigeria, such as the Kingdom of Nri, [1] the Benin Empire, [2] and the Oyo ...
Nigeria–United States relations. Bilateral relations between the Federal Republic of Nigeria and the United States of America were formally inaugurated when Nigeria attained its independence from Britain in 1960. In the 21st century, they have entailed an important, if occasionally uneasy, alliance, following a more chequered diplomatic past.
Change in the horizontal integration of the oil industry. The increase in oil prices of the 70s attracted non-OPEC producers—Norway, Mexico, Great Britain, Egypt, and some African and Asian countries—to explore within their country. In 1965, the Herfindahl index of horizontal integration for the crude oil production industry was 1600 and ...
Petroleum politics have been an increasingly important aspect of diplomacy since the rise of the petroleum industry in the Middle East in the early 20th century. As competition continues for a vital resource, the strategic calculations of major and minor countries alike place prominent emphasis on the pumping, refining, transport, sale and use ...