EIA Oil & Gas Regional Profile: Nigeria




We respect your privacy, by clicking "Download Your Copy" you will receive our e-newsletter, including information on Podcasts, Webinars, event discounts, online learning opportunities and agree to our User Agreement. You have the right to object . In addition, you agree to having your details passed onto the sponsor who may promote similar products and services related to your area of interest subject to their privacy policy. For further information on how we process and monitor your personal data click here. You can unsubscribe at any time.

Nigeria's hydrocarbon resources are the mainstay of the country's economy, but development of the oil and natural gas sectors is often constrained by instability in the Niger Delta

Nigeria is the largest oil producer in Africa and has been a member of the Organization of Petroleum Exporting Countries (OPEC) since 1971. In 2011, Nigeria produced about 2.53million barrels per day (bbl/d) of total liquids, well below its oil production capacity of over 3 million bbl/d, due to production disruptions that have compromised portions of the country's oil for years.

The Nigerian economy is heavily dependent on its hydrocarbon sector, which account ted for more than 95 percent of export earnings and more than 75 percent of federal government revenue in 2011, according to the International Monetary Fund (IMF).

In this wide-ranging 18 page report by the US Energy Information Administration (EIA) learn more about Nigeria’s history, present and future in oil and gas.

[inlinead]

Have Your Say
Rate this feature and give us your feedback in the comments section below

RECOMMENDED