e/Oil reserves in Nigeria

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has glosseng: Although Libya has more reserves, there were of proven oil reserves in Nigeria as of 2007, ranking the country as the largest oil producer in Africa and the 11th largest in the world, averaging in 2006. At current rates this would be 43 years of supply if no new oil was found. Pipeline vandalism, kidnappings, and militant takeover of oil facilities have reduced production, which could be increased to in the absence of such problems. The Nigerian government hopes to increase oil production capacity to by 2010. Nigeria is the world’s eighth largest exporter of crude oil and sends 42% of its exports to the United States. Nigeria is heavily dependent on the oil sector, which accounts for 95% of its export revenues.
lexicalizationeng: Oil reserves in Nigeria
instance ofc/Oil reserves by country

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