Nigeria National Petroleum Corporation (NNPC) has revealed that India has replaced the United States as its largest crude importer, accounting for more than a quarter of its daily output.
“The US, which had traditionally taken the bulk of Nigeria’s crude, has in recent months drastically reduced its demand, which now stands at about 250,000 barrels per day,” NNPC said in a statement.
“India, however, now purchases some 30 percent of Nigeria’s daily crude production which currently hovers around 2.5 million barrels,” it said, quoting senior official Tim Okon.
The state run NNPC said after India, China and Malaysia were also ahead of the United States, and that Nigeria, which is Africa’s largest oil producer, would supply to customers around the world.
