Petroleum industry in Nigeria
Nigeria is one of the countries that manufactures oil and gas in Africa,[1] the nation takes the second position based on the volume of production. There are two types of crude oil which is extracted from the Niger delta basin: the light, and heavy crude oil. The light crude oil equals 36 in weight while the heavier is about 20–25 in weight. Both the light and heavy crude oil have paraffin but they are low in sulfur. The wealth and financial plan of Nigeria have been improved upon through the income and revenues gotten from the petroleum industry since 1960. In February 2021, the statistics has shown that the Nigerian oil sector contributes to about 9% of the entire GDP of the nation. Nigeria is an African nation that mainly produces and exports oil and gas as well as other petroleum products to the United States of America. In 2010, Nigeria exported more than one million barrels per day to the United States, amounting to 9% of the total crude oil and petroleum products imported by the U.S. and more than 40% of exports by Nigeria.[2]
The need for the improvement of the petroleum industry towards the provision of easy business environment, and encouragement of local contents results to the passing of the Petroleum Industry Bill into law by the Goodluck Jonathan administration on July 18, 2008.
Petroleum Industry In Nigeria Media
Development of oil production in Nigeria
The gates of the oil refinery in Port Harcourt
Satellite image of Niger Delta
An Ethno-linguistic map of Nigeria.
Map showing the location of the secessionist Republic of Biafra within Nigeria.
Map of vegetation in Nigeria
References
- ↑ "Nigeria's energy overview, 2021". www.eia.gov. April 26, 2023. Retrieved 2023-03-21.
- ↑ Adeola, Adedapo O.; Akingboye, Adedibu S.; Ore, Odunayo T.; Oluwajana, Oladotun A.; Adewole, Adetola H.; Olawade, David B.; Ogunyele, Abimbola C. (2022-03-01). "Crude oil exploration in Africa: socio-economic implications, environmental impacts, and mitigation strategies". Environment Systems and Decisions. 42 (1): 26–50. doi:10.1007/s10669-021-09827-x. ISSN 2194-5411. PMC 8358551. PMID 34401215.