Petroleum industry in Nigeria

Common card · No. 418418

Nigeria is the largest oil and gas producer in Africa. Crude oil from the Niger Delta basin mostly comes in two types: light, and comparatively heavy – the lighter crude has API gravity of approximately 36 while the heavier crude has API gravity range 20–25. Both types are paraffinic and low in sulfur. Nigeria's economy and budget have been largely supported from income and revenues generated from the petroleum industry since 1960. Statistics as at February 2021 show that the Nigerian oil sector contributes to about 9% of the GDP of the nation. The operation of fossil fuel industries has left a significant environmental impact on the Niger delta, with oil spills, air pollution and destruction of sensitive waterways and wetlands in areas where oil production is common. Also the development of the oil industry in Nigeria has had significant conflicts: control of the industry was a contributing factor in the Nigerian Civil War, and multiple human rights groups have documented repression...

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