Petroleum industry in Nigeria Brass River, Forcados, and Pennington Anfan. As recently as 2010, Nigeria provided about 10% of overall U.S. oil imports and ranked as the fifth-largest source for oil imports in the U.S. However, Nigeria ceased exports to the US in July 2014 because of the impact of shale production in America; India is now the largest consumer of Nigerian oil. There are six petroleum exportation terminals in the country. Shell owns two, while Mobil, Chevron, Texaco, and Agip own one each. Shell also owns the Forcados Terminal, which is capable of storing of crude oil in conjunction with the nearby Bonny
Nigerian Export Promotion Council Export Promotion Council Amendment Decree No. 64 of 1992. The last was authored to enhance the performance of the council by minimizing bureaucratic bottlenecks and increasing autonomy in dealing with members of the organised private sector. The Council has a governing board drawn from both the public and private sectors. To promote non-oil exports as the key driver of the Nigerian economy. Position the export market as the growth opportunity of choice for private sector earnings and sustainable economic development. Functions of the Council: The administration of the Council was structured in the following regard: The Board- Consist of the