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LequteMan
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Nigeria - After being ignored by the United States, Nigeria's oil market has received a hit as its Asian market has cut imports from the country. China is said to have stopped buying while India's oil imports from Nigeria is on a steady decline. Punch reports:
India, which recently replaced the United States as Nigeria’s biggest oil market, cut its import of the country’s crude by 38 per cent in December, while China did not import a barrel from the country in the period, data obtained from the Nigerian National Petroleum Corporation revealed.
India’s import of Nigerian crude tumbled to 5.2 million barrels in December, from 13.7 million in October and 12.4 million in November 2014.
China, which bought 1.9 million barrels of Nigerian crude in October, reduced its import from the country by 50.3 per cent to 946,913 barrels in November.
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#Nigeria #India #China
India, which recently replaced the United States as Nigeria’s biggest oil market, cut its import of the country’s crude by 38 per cent in December, while China did not import a barrel from the country in the period, data obtained from the Nigerian National Petroleum Corporation revealed.
India’s import of Nigerian crude tumbled to 5.2 million barrels in December, from 13.7 million in October and 12.4 million in November 2014.
China, which bought 1.9 million barrels of Nigerian crude in October, reduced its import from the country by 50.3 per cent to 946,913 barrels in November.
click here to read more
#Nigeria #India #China
