One of Nigeria’s largest oil unions launched a nationwide strike on Monday over the laying off of its workers, its general secretary said.
OPEC appears to be slowly winning the battle against a global overhang of crude and oil products as inventories in onshore and floating storage decline.
Nigeria is one of the largest trading partners of India in Africa which is dominated by import of crude oil and gas from Nigeria. In 2015-16, India imported nearly 23.7 MMT of crude (nearly 12% of India overall imports) and over 2 MMTPA of LNG from Nigeria.
The Minister of State (I/C) for Petroleum & Natural Gas, Shri Dharmendra Pradhan met his Nigerian counterpart Dr. Emmanuel Ibe Kachikwu, Minister of State for Petroleum in New Delhi today. Dr Kachikwu is on a three days official visit to India.