Nigeria’s woes in the area of dwindling revenue from crude oil sales is expected to heighten in the next couple of days, as the South African Petroleum Industry Association, SAPIA, yesterday, stated that South Africa would likely stop importing crude oil from Nigeria following the lifting of the sanctions on Iran.
Executive Director of the SAPIA, Avhapfani Tshifularo, told journalists that the potential return of Iranian oil exports to South Africa threaten to displace barrels from Saudi Arabia and Nigeria that plugged the supply gap when sanctions were imposed on Iran, which is OPEC’s fifth biggest producer.
More: http://www.reportsafrique.com/iran-south-africa-to-stop-fuel-imports-from-nigeria/

Nobody prefers Nigerian oil? Is it of low quality? Is it too costly? What is going on?

Tho our oil has low sulphur content bt d fear of corruption in. Nigeria might b a factor... Even tho its south Africa every customer counts o even nw d oil sef na change... Petroleum minister (who's dat sef)