Nigeria’s Top 10 Exports

  • china united oil press in Nigeria
  • china united oil press in Nigeria
  • china united oil press in Nigeria
  • china united oil press in Nigeria

China海洋石油集团有限公司 cnooc

Nigeria Crude Oil: Exports [1980 2025] [Data & Charts]

Petroleum industry in Nigeria

International U.S. Energy Information Administration

  • Will China invest in Nigeria's oil & gas industry?
  • Chinese investment in Nigeria's oil and gas industry has reached $16 billion, according to Nigeria's state-run oil company. While Nigeria's oil industry welcomes China's interest, analysts worry about a lack of transparency in the sector and slow development of the country's renewable energy market.
  • Will Chinese oil company monitor Nigeria's $16 billion investment?
  • A host on Nigeria's popular Wazobia TV network, Uvbi Ehigiamusoe, put it this way. She says the Chinese oil company will not monitor how Nigeria will use $16 billion in investments. And it is known how it goes in Nigeria, she says. Some say it's high time Nigeria moves away from its dependence on oil.
  • Will China's third-largest oil company increase oil investment in Nigeria?
  • When a top official with China's third-largest national oil company paid a visit to Abuja, Nigeria this month, he was recommended by a top official of Nigeria's state-run oil company to increase investment in Nigeria's petroleum industry.
  • Will 80% of China's oil supply be imported by 2030?
  • China's domestic oil production has been on a steady decline because of natural depletion and other geological challenges. So experts predict that up to 80 percent of China's crude oil supply will be imported by 2030. In comes Nigeria. CNOOC started doing business in Nigeria in 2005 and is the largest Chinese entity investor in Nigeria.
  • How much does Nigeria trade with China?
  • From 2016 to 2021, this bilateral trade increased by nearly 142%. According to uncompleted statistics, in the first ten months of 2022, the bilateral trade volume reached 20.04 billion USD. Currently, Nigeria is China's third largest trading partner in Africa, and China is Nigeria's largest source of imports.
  • Does Nigeria need a partner like China?
  • Mele Kyari, the managing director of the Nigerian National Petroleum Corporation, or NNPC, thanked the China National Offshore Oil Corp., or CNOOC, for its continued support of Nigeria's oil and gas sector. Chinese investments in the sector have reached $16 billion. Kyari added that Nigeria needs partners like China.