China Wants More of Nigeria’s Oil

China Wants More of Nigeria’s Oil

China is seeking more crude oil exports from Nigeria in spite of the recent changes in oil prices. In 2015, total amount of the Nigerian crude export to the country was about 1m barrels, which means 1.3% of Nigeria’s annual oil export, Premium Times reported.

The Economic and Commercial Counsellor of the Chinese Embassy in Nigeria, Zao LingXiang, said that current global trade volume between both countries stood at .

94b in 2014, making Nigeria the third largest trade partner of China in Africa.

He said that the coming visit of Nigerian President, Muhammadu Buhari, to China in April would facilitate the implementation of agreements reached at the 2015 China-African summit in Johannesburg, aimed at expanding bilateral cooperation in various areas, Vanguard reported.


Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password