India has replaced the United States of America as the largest importer of Nigeria’s crude with China and Malaysia following closely.
This was revealed in a statement today by the Group General Manager, Group Public Affairs Division of the Nigerian National Petroleum Corporation (NNPC), Mr Ohi Alegbe.
“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 250,000barrels per day,” the statement said. “India however now purchases some 30 percent of Nigeria’s daily crude production which currently hovers around 2.5million barrels.”
The statement also quoted the NNPC’s Coordinator Corporate Planning and Strategy, Dr. Tim Okona, as saying at the World Petroleum Congress in Russia that Nigeria would not ignore any market in its quest to remain competitive in the global oil and gas industry.
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