May 23, 2018

China seeks more crude oil export from Nigeria

China seeks more crude oil export from Nigeria

China is seeking more crude oil exports from Nigeria in spite of the recent changes in oil prices, the Chinese Embassy’s Economic and Commercial Counsellor, Mr Zao  Ling Xiang, said at the weekend

“The total amount of export to China is only about one million barrels in 2015 that was just 1.3 per cent of Nigerian annual oil export.

“In my opinion, it really doesn’t matter whether Iran comes back or not; Chinese companies want to import more crude oil from Nigeria,” Lin Xiang said.

The trade volume between both countries stands at $14.94 billion (2014), making Nigeria China’s third largest trade partner in Africa. Read more

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