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Nigeria: As U.S. Halts Oil Imports From Nigeria
Independent (Lagos), 15 April 2015
The incoming government needs to focus on developing manufacturing, trade and tourism sectors. For this is the path Nigeria must follow to save the economy from relapse Read more »
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Nigeria: Why We Stopped Buying Nigeria's Oil, By White House
Guardian, 20 December 2014
OFFICIALS of the United States government have for the first time in months presented an explanation on the sudden termination of oil imports from Nigeria since July, an action… Read more »
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Nigeria: As U.S. Shuts Its Door On Nigeria's Oil Exports
This Day, 3 October 2014
Nigeria has become the first country to completely stop selling oil to the United States of America, the world's largest oil producer and consumer, due to the impact of the shale… Read more »
Nigeria No Longer a Leading U.S. Oil Supplier
Nigeria, until recently the fifth largest exporter of crude oil to the United States, did not export a single barrel of crude to U.S.-based refiners in July for the first time since records started in 1973, according to the U.S. Department of Energy. Preliminary numbers also indicate the trend continued in August and September, the Financial Times reported. India is now the largest importer of Nigeria's crude with China and Malaysia following closely, according to the Nigerian National Petroleum Corporation. This sharp decline could impact other African exporters, including Angola, Libya and Algeria.
A report by the U.S. Senate Republican Policy Committee, issued in June 2013, shows the decline in American oil imports as production of shale oil from fracking has risen.
InFocus
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The Department of Petroleum Resources has disclosed that the country's crude oil reserves have dropped from 40 billion to 35 billion barrels. Read more »
