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How much crude oil is produced in Nigeria?
Nigeria Crude Oil: Production was reported at 1,476.000 Barrel/Day th in Feb 2024 See the table below for more data. Includes Crude Oil: Production on 62 economies standardised by CEIC. Instant access to full history data in excel.
What type of oil does Nigeria produce?
Nigeria’s petroleum is classified mostly as "light" and "sweet", as the oil is largely free of sulfur. Nigeria is the largest producer of sweet oil in OPEC. This sweet oil is similar in composition to the petroleum extracted from the North Sea. This crude oil is known as "Bonny light".
Where is Nigeria’s Oil & Gas Plant located?
It is located on the outskirts of Lagos, Nigeria’s economic hub, where it operates alongside a fertilizer plant. The plant is expected to meet 100% of Nigeria’s needs for gasoline, diesel, kerosene, and aviation jet fuel at full production capacity, Dangote said last year when the facility was opened.
Is Nigeria a major exporter of crude oil & petroleum products?
Nigeria is a major exporter of crude oil and petroleum products to the United States of America. In 2010, Nigeria exported over one million barrels per day to the United States, representing 9% of the U.S. total crude oil and petroleum products imports and over 40% of Nigeria exports.