extracting crude oil in treaty 2 in lagos

                                               
                                               
                                               
                                               
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  • How is crude oil extracted in Nigeria?
  • The extraction of crude oil is done through drilling ? which comes prior to proper findings by geologists. There are different countries blessed with these natural resources, and produces various types of crude oil. For Nigeria, she produces only high value, low sulphur content, light crude oils: ? Ukpokiti.
  • Will Aliko Dangote set up an oil trading arm in London?
  • REUTERS/Temilade Adelaja/File Photo Purchase Licensing Rights LONDON, March 5 (Reuters) – Africa’s richest man Aliko Dangote is planning to set up an oil trading arm, likely based in London, to help run crude and products supply for his new refinery in Nigeria, six sources familiar with the matter said.
  • Will oil refinery redraw global oil & fuel flows?
  • The move would reduce the role of the world’s biggest trading firms, which have been negotiating for months to provide the refinery with financing and crude oil in exchange for products exports. The giant 650,000 barrel-per-day refinery is set to redraw global oil and fuel flows and the trading community is closely watching the way it will operate.
  • How big is Dangote oil refinery?
  • The giant 650,000 barrel-per-day refinery is set to redraw global oil and fuel flows and the trading community is closely watching the way it will operate. Dangote, whose wealth is estimated by Forbes at $12.7 billion, did not reply to several comment requests.