OpeOluwani Akintayo
04 October 2017, Sweetcrude, Lagos — The United States of America has stopped the importation of Nigeria’s crude oil in July.
According to data gathered from the U.S Energy Information Administration, EIA, the U.S’ import from Nigeria in January this year, was a total of 10,293 thousand barrels.
In February, the country’s import dwindled to 6,234 thousand barrels, while in March, it shot up again to 10, 594 barrels.
In April, the country reduced its import from Nigeria a bit, pegging it at 9, 946 thousand barrels, and in May, it again reduced to a total of 9, 108 thousand barrels.
In June, the country ordered for 9, 601 thousand barrels of Nigerian crude oil, while in July which was the last month the country had imported, showed that a total of 7, 472 barrels was bought from Nigeria.
The addition of crude oil imported from Nigeria for the whole of six months, January to June, totalled 63, 252 thousand barrels as against 86, 173 thousand barrels in 2016, 29, 456 thousand barrels in 2015, 33, 650 thousand barrels in 2014 and 102, 611 thousand barrels in 2013.
Until 2014, the U.S used to be one of Nigeria’s largest importer of crude oil.
However, with the shale oil boom, the country said it would gradually fade its crude oil importations from other countries to focus on growing its shale oil industry.
