The Nigerian National Petroleum Corporation (NNPC) yesterday said India has replaced the United States of America (USA) as the largest importer of crude oil from Nigeria, followed closely followed by China and Malaysia.
This is contained in a statement signed by the NNPC group general manager, Public Affairs Division, Mr Ohi Alegbe, in Abuja, quoting the corporation’s coordinator, Corporate Planning and Strategy, Mr Tim Okon, as making the disclosure in Moscow, Russia at the ongoing 21st World Petroleum Congress (WPC).
The statement read, “The US which had traditionally taken the bulk of Nigeria’s crude has in recent months drastically reduced its demand which now stands at about 250,000 barrels per day. India, however, now purchases some 30 per cent of Nigeria’s daily crude production which currently hovers around 2.5 million barrels,” the statement read in part.
“Nigeria will not ignore any market in its quest to remain competitive in the global oil and gas industry. Asia is important and in that respect, we have regards for all markets. The important thing is to make sure that you are selling the products that you have and you do not ignore any market. The Asian countries have since replaced the US.”
No comments:
Post a Comment
To get the world and your friends informed.. Feel free to share every news you read on this site on any web or on any social network by clicking on the SHARE BUTTON ABOVE or share it by any other means but ensure to always share with the site link(web address) for reference and to avoid being SUED for intellectual theft.......post a comment after reading as well..,...we are here to serve you the best
use anonymous to post a comment if necessary