Apparently, nobody knows. Check this out: The Nigeria Extractive Industry Transparency Initiative (NEITI) has described the records of the country’s crude production and export as unclear, saying that after 58 years of oil production, the country does not know exactly the quantity it produces. Speaking at the presentation of a research report on the Nigeria… Read More »
WSJ: A Lack of Flare: In the oil-rich Niger Delta region of Nigeria, petroleum companies use giant torches to burn off natural gas found with deposits of crude oil. The decades-old industry practice, known as flaring, has long been criticized as wasteful and harmful to the environment because of the carbon dioxide it releases into… Read More »
Sometime ago I wrote a post about my efforts to understand the Nigerian oil industry. Some Next reporters have done an article on their efforts to understand the industry. Nobody seems to know how much Nigerian exports, or how much it makes from oil: Even a cursory check by NEXT has revealed that various agencies… Read More »