Standup9ja: U.S increases import of Nigerian crude
US crude imports from Nigeria rose by 13.6 per cent to
325,000 barrels per day from 286,000 b/d the most since March, preliminary data
released by the US Energy Information Administration (EIA) for week ended May
12, has shown.
The increase came despite the threat of a potential rise in
shale oil production on the back of the rally in global oil prices, as energy
companies ramped up drilling.
The EIA data showed that although Nigeria remained US
highest crude exporter in Africa, exports from Angola to US witnessed the
highest increase at 42.8 per cent from 63,000 b/d to 90,000 b/d.
Overall, crude imports from Saudi Arabia rose the highest at
42 per cent to 1.38 million b/d from 970,000 b/d.
Meanwhile, the US government has commended Nigeria for the
significant steps it has taken to reform the oil and gas industry through the
National Oil, Gas and Fiscal policies as well as the draft Petroleum Industry
Governance Bill and Petroleum Industry Fiscal Bill developed by the Ministry of
Petroleum Resources.
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