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 Ports Authority and Port Harcourt ports, the initial law also gave it the responsibility of managing harbours and approaches to all ports in the country. By 1963 the firm had grown successfully, it was operating a cargo ship from Lagos to Port Harcourt and also began dredging the Bonny terminal for oil operations. In the same year, the firm issued a £4.3 million loan stock in London. From 1962 - 1968, under the Nigerian Development plan, the length of the quays was expanded and additional warehouses and cargo handling equipment were added. During the Nigerian Civil War that lasted from 1967-1969, only