Posted on: January 5th, 2015 by Administrator No Comments

Nigeria’s crude oil export to Europe and Asia, two of the country’s key markets, declined by 6.6 million barrels in September, further reducing the country’s oil revenue at a time the plunge in global oil prices entered its third month.
The fall in oil prices, which began in June 2014 when prices peaked at $115 per barrel, had led to a decline in the country’s oil earnings, the major part of government revenue.
According to the latest monthly report from the Nigerian National Petroleum Corporation, export to Europe, which is Nigeria’s biggest regional market, tumbled to 29.2 million barrels in September from 33.6 million in August.

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