India’s Nigerian Crude Imports to Rise

Monday, February 3, 2014

More of Nigerian crude is expected to be exported to India over 2014 according to BusinessDay Research and Intelligent Unit (BRUI). Predictions put India’s import of Nigeria crude to grow by 26% or 116.8 million barrels.

The increased imports by India are to aid in meeting the nation’s ever increasing energy needs, which is expected to grow by 3% in 2014.

State-run NNPC’s quarterly information showed that through Q3 2014 India held the top spot of Nigeria crude oil imports. The first three quarters saw 73.12 million barrels, equivalent of 13% of Nigeria’s total exports during that period going to India.

« GO BACK

You may also like

" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">

First LNG Realized at the Greater Tortue Ahmeyim Project

" alt="United Energy Acquires Western Desert Producer APEX">

United Energy Acquires Western Desert Producer APEX

" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">

Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG

" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">

ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System

" alt="Tullow Highlights 2025 Operational Plans in Ghana">

Tullow Highlights 2025 Operational Plans in Ghana

" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">

TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years

" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">

Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession

" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">

Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market