This is a collection of articles archived for the excellence of their content.
Nigeria says India now its largest crude importer
AFP | Jun 19, 2014
Oil-rich Nigeria said in June 2014 that India has replaced the United States as its largest crude importer, accounting for more than a quarter of its daily output.
"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 250,000 barrels per day," the Nigerian National Petroleum Corporation (NNPC) said in a statement.
"India, however, now purchases some 30% of Nigeria's daily crude production which currently hovers around 2.5 million barrels," it said, quoting senior official Tim Okon.
The state-run NNPC said after India, China and Malaysia were also ahead of the United States, and that Nigeria, which is Africa's largest oil producer, would supply to customers around the world