Nigeria, Angola Crude Exports to US Increased

Nigeria, Angola Crude Exports to US Increased

Nigeria’s and Angola’s crude oil export to the US has risen from the 190,000 b/d recorded in Q1 of 2015 to 354,000 b/d in Q1 of 2016, the Organization of Petroleum Exporting Countries (OPEC) revealed in its June edition of the oil and gas report, according to Ecofin Agency.

Import destination report of the Nigerian National Petroleum Corporation (NNPC) showed that the US imported 6.8m barrels from Nigeria between January and March this year, with almost 950,000 barrels in January, about 1,940,000 in February and slightly over 3,970,000 in March. This is far below the over 1.9m barrels, which the American country had imported from the African state in January and February last year, The Guardian reported.

OPEC report expects Africa’s oil supply to see reduction of 60,000b/d in 2016, revised down by 29,000b/d to average 2.31mb/d caused by the production outages in Ghana.


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