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 Civil War of 250,000 pounds. The news of this payment reached the Federal government, which immediately extended the shipping embargo to oil tankers The Nigerian government also made it clear to Shell-BP that it expected the company to pay all outstanding oil royalty immediately. With the stalling on the payment for Biafra government ask Shell-BP to stop operations in Biafra and took over from the company. Towards the end of July 1967, Nigerian federal troops and marines captured Bonny Island in the Niger Delta, thereby taking control of vital Shell-BP facilities. Operations began again in May 1968, when Nigeria captured Port Harcourt.