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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]
NNPC's headquarters in Abuja, Nigeria. Nigerian National Petroleum Corporation ( NNPC) is a for profit oil company in Nigeria. Formerly a government-owned corporation, it was transformed from a corporation to a limited liability company in July 2022. NNPC Limited is the only entity licensed to operate in the country's petroleum industry.
The Dangote Refinery is an oil refinery owned by Dangote Group that was inaugurated on the 22nd of May 2023 [1] in Lekki, Nigeria. When in full operation, it is expected to have the capacity to process about 650,000 barrels per day of crude oil, making it the largest single-train refinery in the world.
Nigeria’s oil-rich Rivers State has a unique opportunity to emerge as a beacon of progress, replacing hopelessness with hope, according to former Apex Bank governor Sanusi Lamido Sanusi.
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 ...
Oil reserves in Nigeria. 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.
The types of crude oil exported by Nigeria are Bonny light oil, Forcados crude oil, Qua Ibo crude oil and Brass River crude oil. The U.S. remains Nigeria's largest buyer of crude oil, accounting for 40% of the country's total oil exports; Nigeria provides about 10% of overall U.S. oil imports and ranks as the fifth-largest source of U.S ...
Nigeria has a total of 159 oil fields and 1,481 wells in operation according to the Department of Petroleum Resources. 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 as of ...