Three countries – India,
the Netherlands, and Brazil,
spent $2.97 billion, about
N475.08 billion in the
purchase of crude oil from
Nigeria in the month of
February 2014, data
released from the Nigerian
National Petroleum
Corporation, NNPC, has
revealed.


Specifically, the three
countries accounted for more
than a third of Nigeria’s
crude export in February,
purchasing 26.75 million
barrels of oil.


Specifically, India purchased
10.44 million barrels of crude
oil from Nigeria in the month
under review, followed by
the Netherlands, with 9.385
million barrels, and Brazil
6.922 million barrels.

Using an average crude
price of $111 per barrel, this
translates to $2.97 billion for
the month under review.
This is a slight difference
from export figures in
January, which revealed that
India, Netherlands and
Spain, were the highest
buyers of Nigeria’s crude oil,
accounting for 45.01 per cent
of Nigeria’s total crude
export in January.


Data on activities in the oil
and gas sector for the month
of February 2014, recently
released by the NNPC
revealed that Nigeria
exported a total of 65.7
million barrels of crude in the
month under review.


Of these, Europe accounted
for 44.97 per cent of
Nigeria’s total crude export
in February, followed by Asia
and the Far East with 22.98
per cent of crude export,
while crude export to other
African countries accounted
for 13.93 per cent of total
export.
In particular, Nigeria
exported 29.55 million
barrels of crude oil to
Europe; about 15.098 million
barrels to Asia and the Far
East, and 9.15 million barrels
to other African countries.
In addition, South America
purchased 7.918 million
barrels of crude from
Nigeria; North America 3.048
million barrels; while 940,627
barrels was exported to
Oceania and Pacific countries.

Mehn, am stopping here, cant believe Nigeria is stupendously rich as these, but its pitiable that the reverse is the case in the lives of its citizen . MAY GOD HELP MY COUNTRY NIGERIA .

Source

macsika: Source

Vanguard