Aligning the Nigerian Petrochemical Industry to Oil and Gas Industry Needs

摘要

Nigeria is Africa’s largest producer of crude oil and the sixth largest exporter of oil within the OPEC bloc. However, virtually all chemical and petrochemical products used in the Nigerian oil and gas industry are currently imported. There is therefore the need for the Nigerian petrochemical industry to reposition itself to take advantage of these increasing market opportunities. This paper examines the strategic fit of the petrochemical industry within the value chain of the oil and gas industry, using critical petrochemical-based products as examples.