Nigeria: Country to Supply 25 Percent of U.S. Oil By 2015

Nigeria’s crude oil export to the United States will leap to 25 per cent by 2015. The Minister of Foreign Affairs, Chief Ojo Maduekwe, made the revelation while delivering a speech at the Southern Center for International Studies, Atlanta, Georgia, entitled “Old Ties in New Times: Nigeria and the next USA Administration.”

The estimate is a progression from the current 15 per cent Nigeria exports to the country and may be an indication of US government’s shift from Middle East oil to African sources.
Nigeria has already surpassed Saudi-Arabia and Venezuela which were two main sources of oil to the US economy.

An increase to 25 per cent will make Nigeria the fifth largest exporter of the commodity to the US.

In his speech, Maduekwe outlined the future relationship of Nigeria and the US as defined by oil.

AllAfrica