Though the international sanctions placed on Iranian crude oil export do not take effect until July 1, 2012, the International Energy Agency (IEA) has said Iranian oil exports have already dipped, while the Nigerian National Petroleum Cooperation (NNPC) has expressed doubts about meeting the needs of countries that are now turning to Nigeria for their supply.
Nigeria: World Powers Renew Scramble for Country's Crude
Leadership (Abuja), 29 April 2012
Though the international sanctions placed on Iranian crude oil export do not take effect until July 1, 2012, the International Energy Agency (IEA) has said Iranian oil exports have already dipped, while the Nigerian National Petroleum Cooperation (NNPC) has expressed doubts about meeting the needs of countries that are now turning to Nigeria for their supply.
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