the African lion: Heavy interpretation of Nigeria

Introduction: Nigeria is Africa's largest oil producer, in 2015 the export volume ranked fourth in the world LNG. But recently, Nigeria appeared a new round of oil shortage, its oil production by instability and disruption of bitterness, and because of the lack of appropriate infrastructure, the current Nigeria output of natural gas is mostly empty burned, oil and gas situation is worrying.

Overview

Nigeria was Africa's largest oil producer, with the continent's richest natural gas resources, while LNG exports in 2015 reached fourth in the world. Nigeria joined the OPEC in 1971, but as early as the 50s of last century, Nigeria's oil production has been in the oil-rich Bayelsa state rise. Although Nigeria is located in the forefront of oil producing countries in Africa, but Nigeria's oil production will occur from time to time supply disruptions, resulting in up to 500 thousand barrels / day unplanned shutdown.