Nigeria in Danger of U.S. Competition in Oil Sales
There are indications that Nigeria's oil sales may be going through difficult times following President Donald Trump's new strategy to increase U.S. dominance in the global oil market. The benchmark global price of crude oil has dropped due to escalating trade tensions between China and the U.S and this may negatively affect Nigeria's 2019 budget goals.
The Nigeria Natural Resource Charter has said that the country is fast losing its competitiveness in the global oil market due to hydrocarbon discoveries in new jurisdictions ... Read more »
The state of refineries and the importing of petroleum products are two areas that Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Corporation ... Read more »
The largest refinery project in Africa being built by Aliko Dangote, will not be completed until the end of 2020, due to challenges of importing of steel and other equipment. Read more »
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