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Petroleum industry in Nigeria. Nigeria is the second largest oil and gas producer in Africa (after Angola ). [ 1] Crude oil from the Niger Delta basin comes in two types: light, and comparatively heavy – the lighter has around 36 of API gravity while the heavier has 20–25 of API gravity.
Dangote Refinery. The Dangote Refinery is an oil refinery owned by Dangote Group that was inaugurated on 22 May 2023 [ 1] in Lekki, Nigeria. When fully operational, it is expected to have the capacity to process about 650,000 barrels of crude oil per day, making it the largest single-train refinery in the world.
The Nigerian National Petroleum Company (NNPC) Limited is a state oil company in Nigeria. Still a fully-owned government company, it was transformed from into a limited liability company in July 2022. [ 1] NNPC Limited is the only entity licensed to operate in the country's petroleum industry. It partners with foreign oil companies to exploit ...
Oil reserves in Nigeria. Although Libya has more reserves, there were 37.2 billion barrels (5.91 × 109 m 3) of proven oil reserves in Nigeria as of 2011, ranking the country as the largest oil producer in Africa and the 11th largest in the world, averaging 2.28 million barrels per day (362 × 103 m 3 /d) in 2006.
ExxonMobil Nigeria. ExxonMobil has offshore oil production in Nigeria, and is the country's second largest crude oil producer. [1] Mobil Producing Nigeria (MPN) began shallow water operations in 1955, and owns over 90 platforms and 300 producing wells covering 3,200 square kilometres (1,200 sq mi; 790,000 acres). [2]
Coal, petroleum reserves, natural gas, peat, hydroelectricity, solar and wind are major energy resources in Nigeria [ 3][ 4][ 5] and the country remains a top producer of crude oil and natural gas in Africa. Its production in 2022 averaged 1.2 million barrels of oil per day (bopd), [ 6] and 300 barrels per day (bpd) of condensate, making it the ...
Gulf Oil Company of Nigeria which became later known as Chevron obtained oil acreage license in 1961. It is noteworthy for being the first oil major to discover commercially viable offshore oil with its discovery of the large Okan field, at Escravos River in 1963. [ 1] The field had an estimated 2 billion barrel of oil in place and up to 800 ...
The types of crude oil exported by Nigeria are Bonny light oil, Forcados crude oil, Qua Ibo crude oil and Brass River crude oil. [84] The U.S. remains Nigeria's largest buyer of crude oil, accounting for 40% of the country's total oil exports; Nigeria provides about 10% of overall U.S. oil imports and ranks as the fifth-largest source of U.S ...