Nigeria looks to Europe as US imports fall

摘要

London-Nigeria is increasingly dependent on markets in Europe and India for its crude exports as its supplies to North America continue to dwindle. According to data published by stateowned NNPC, Europe was the destination for 45.8% of Nigeria's crude oil exports in 2014, up from 42.8% the previous year, underlining the significance of this region to Africa's largest oil producer. India, meanwhile, was the largest buyer of Nigerian crude by country, taking 17.6% of Nigeria's crude compared with 14.2% in 2013, according to the NNPC Statistical Bulletin for 2014.