Nigeria Exported 42% of Crude to India, Spain, Netherlands

Nigeria sold 42% of its total annual crude oil exports, which amounted to 320m barrels, to India, Spain and, the Netherlands, from June 2015 to May 2016, Nigeria Today reported citing a report issued by the Nigerian National Petroleum Corporation (NNPC).

India imported over 1,570mb of oil from Nigeria, representing 22% of country’s total crude oil export, while Spain acquired 85mb of crude, representing 12% of total exports. The Netherlands, took 11% of Nigeria’s total crude oil export, reaching to about 78mb, according to Vanguard.

Previously, NNPC’s report declared that Nigeria’s total export receipts of crude oil & gas from July 2015 till June 2016 was $3.42b. Out of which the sum of $3.41b was transferred to Joint Venture (JV) Cash Call in line with the governments approved budget for 2016.


Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password