Oil, an important natural resource provides revenue through exploration and exportation for many industrialized countries which help them to fulfill important national economic and development goals. The Niger Delta region in Nigeria is known for its abundant crude oil deposits, and this has been the...
In conclusion on the types of crude oil in Nigeria and its benefits, Nigeria is indeed blessed with various types of crude oil. Out of everything, the Bonny Light (which happens to be what many wants), is one of the major the country can boast of, and it keeps generating huge revenue...
Nigeria's Oil companies are battling against rising theft costing an estimated 150,000 barrels of crude a day, a top oil official said Tuesday in Abuja, according to an AFP report. The loss amounts to roughly seven percent of Nigeria's total output.WO Wire...
Waxy crude oil handling in Nigeria: practices, problems and prospects - Ajienka, Ikoku - 1997 () Citation Context ...coastline of 560 km, which is about two-thirds of thesentire coastline of Nigeria (Fawehinmi, 2007).sFig. 1.2. Niger Delta region, Nigeria.sNigeria has a substantial ...
crude oil prices rebound by at least 15 U.S dollars per barrel in the short term, thereby enhancing the prospect of exceeding Nigeria's adjusted budget estimate that is currently rebased at 30 U.S. dollars per barrel and crude oil production of 1.7 million barrels per day, the minister ...
24 (Xinhua) -- Nigeria's crude oil remains a hot cake in the oil market, a top Nigerian oil official said Thursday. Maikanti Baru, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), made the remarks to repoters in the capital city of Abuja after declaring ...
Oil TheftSustainable DevelopmentNigeria is a country that is richly endowed with both human and natural resources. Chief among the natural resources is crude oil, which has been the mainstay of the country's economy for decades, yet an average Nigerian lives on less than the equivalent of one...
LAGOS, Jan. 4 (Xinhua) -- Nigeria on Wednesday released names of 39 bidders for the sale and purchase of Nigerian crude for 2017/2018. The contract would run for one year effective from Jan. 1 for 12 consecutive circles of crude oil allocation, the Nigerian National Petroleum Corporation (...
Nigeria is the world's largest crude oil production at the 8 state, but it is one of the poorest countries in the world. It is estimated that the total population, 70% of the population were living below the poverty line. In the past 50 years, Nigeria's Niger Delta region on 3 minin...
Crude oil is a global commodity that trades in markets around the world, both as spot oil and via derivatives contracts. Many economists view crude oil as the single most important commodity in the world, as it is currently the primary source of energy production. ...