Last edited by Fegami
Friday, July 24, 2020 | History

3 edition of Nigerians and their oil industry found in the catalog.

Nigerians and their oil industry

Philip C. Asiodu

Nigerians and their oil industry

[remarks at the round-table of the Nigerian Institute of International Affairs, March 3, 1972]

by Philip C. Asiodu

  • 47 Want to read
  • 2 Currently reading

Published by The Institute in Lagos .
Written in English

    Places:
  • Nigeria.
    • Subjects:
    • Petroleum industry and trade -- Nigeria.

    • Edition Notes

      Statementby P. C. Asiodu.
      ContributionsNigerian Institute of International Affairs.
      Classifications
      LC ClassificationsHD9577.N52 A75
      The Physical Object
      Pagination20 p. :
      Number of Pages20
      ID Numbers
      Open LibraryOL4278384M
      LC Control Number78304217

      The advent of the oil industry can be traced back to , when a German entity, the Nigerian Bitumen Corporation, commenced exploration activities in the Araromi area, West of Nigeria. These pioneering efforts ended abruptly with the outbreak of the First World War in Oil prospecting efforts resumed in , when Shell D'Arcy (the. Nigerian regulators trade blame as killer fuels dominate country’s oil business is part of SDN’s efforts to assist those affected by the extractive industry and weak governance by exposing.

      made many able-bodied Nigerians to migrate from the hinterland, abandoning their farmlands for the cities and hoping to partake in the growing and prosperous (oil-driven) urban economy. This created social problems of congestion, pollution, unemployment and crimes.   It would be difficult to exaggerate the role of oil in the Nigerian economy. Since the first oil price shock in , oil has annually produced over 90 percent of Nigeria’s export income. In Nigeria received percent of its export income from oil, making it the world’s most oil-dependent country [Tables 1 and 2].

      A new empirical study on oil and gas in Nigeria, which serves as a useful general introduction to many aspects of the country's oil and gas industries and related laws. Contents: introductions - definitions, importance, the international oil industry, how oil was found; the Nigerian oil industry: historical perspectives and acts of law; legislation governing the industry; ownership of oil and. The study adopted survey method to randomly draw supply chain executives from oil and gas marketing and logistics firms in Nigeria downstream petroleum industry.


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Nigerians and their oil industry by Philip C. Asiodu Download PDF EPUB FB2

This is because the oil & gas is very critical to the Nigerian economy; the earnings from oil & gas export is up to 90% of the total export earnings of the government.

The most recent and radical of the laws is the Nigerian Oil and Gas Industry Content Development Act and following regulations and presidential directives, which mandates. Shell Petroleum Development Company (SPDC) is the pioneer and leader of the petroleum industry in Nigeria.

It has the largest acreage in the country from which it produces some 39 per cent of the nation’s oil.¹ The company’s operations are concentrated in the Niger Delta and adjoining shallow offshore areas where it operates in an oil mining lease area of aro square kilometres.

Despite oil's prominent role in national affairs, up to this time, the Nigerian federal government had only limited involvement in the oil industry, Nigerians and their oil industry book the government confined its financial involvement in the oil industry to taxes and royalties on the oil companies.

The companies were subsequently able to set their own price on the petroleum. 1 day ago  These are not the best of times for the oil industry all over the world. The situation has sent oil-dependent economies reeling. Nigeria isn’t immune to the crisis mainly occasioned by the. “Insecurity, oil theft and illegal refining are bigger threats to the oil and gas industry in Nigeria than the declining price of oil,” the head of the oil exploration association noted.

This paper is an attempt to determine the impact of knowledge sharing on organizational performance in the Oil and Gas industry in Nigeria. The sample size of was based on the population of staff drawn from each of the three Oil and Gas firms (Nigerian Petroleum Development Company, Petroleum Product Marketing Company; and Integrated Data Service Limited) in the Oil and Gas industry in.

The study examines the problems of book publishing industry in Nigeria as books are effective medium of communication for intellectualism. Issues like poor financing, government regulation, poor reading culture, piracy and dearth of expertise were interrogated.

The study is descriptive and data sourced from secondary sources. From all stated, joint venture contracts have proved to be the most advantageous for the efficient operation in the Nigerian petroleum industry with per cent optimality JVs accorded both government and oil companies with the participatory interest in the oil.

The petroleum industry is the backbone of the Nigerian economy. Nigeria is the sixth largest producer of crude oil in the world. Its oil industry generates over 95 per cent of the country's foreign revenue, and about 80 per cent of government revenue.

The Nigerian Book Industry, marking the World Book Day amid the Coronavirus pandemic, has urged Nigerians and the entire world to use the opportunity offered by the current sit-at-home guideline. Following his good work there, he was appointed inas the Group General Manager of the National Petroleum Investment Management Services (NAPIMS) where he was responsible for ensuring the effective supervision of the nation’s investment in the upstream of the Nigeria’s oil industry.

Introduction. The oil and gas industry is one of the sectors that has contributed to the world positively in numerous ways.

According to the international energy agency, in% of oil and % of natural gas were contributed to global energy. The evolution of the Nigerian oil and gas industry has spanned about a century during which several challenges have been encountered and surmounted by the major oil companies.

The search for oil was pioneered by the German-owned Nigerian Butimen Company in. This well-researched book on the oil industry in Nigeria deals with the major consequences of foreign oil operations in village communities.

The study gives a comprehensive overview of the environmental and social impact of oil operations, which have so far been little understood. In addition, a wide range of background data is presented on oil companies and their conflicts with village Reviews: 1.

Oil Industry and Nigerian Development Oil is one of the most valuable natural resources in the world today. The oil industry carries with it a great deal of economic and political power across the globe. Having oil, or any natural resource, as a prime source of revenue has long been debated as being an advantage or a drawback.

Oil And Gas Industry Analysis Words | 6 Pages. twelve months, the decline in oil and gas activities has not only led to retrenchment of workers in the oil and gas sector in the Niger Delta region in Nigeria, mainly within the International Oil Companies (IOC”s), but has also affected non-related oil and gas sectors such as the contractors and vendors to the Oil and Gas sector; this has.

About this Item: Bibliogov, United States, Paperback. Condition: New. Language: English. Brand New Book ***** Print on Demand *****. Pursuant to a congressional request, GAO reviewed certain aspects of Nigeria s petroleum industry and issues affecting U.S.

investment in Nigeria s petroleum sector, focusing on: (1) recent trends in Nigeria s oil production, exports, and reserves; (2. Though predominantly on oil and gas law, this is nonetheless a veritable Reference Book on the oil and gas industry in Nigeria.

It places before anyone interested in the oil and gas industry basic and critical oil and gas issues not in common circulation in existing texts on the subject. Oil industry’s future remains bright – Petrocam MD Energy Mix Report 6-Aug Nigeria: NNPC Records 43% Drop in Oil Pipeline Vandalism in May AllAfrica 6-Aug Nigeria: NNPC Nets Ntn From Petrol Sales in 13 Months AllAfrica 6-Aug   The private sphere of the Nigerian oil industry is dominated by foreign oil companies, and they can be relatively classified into first and second-generation oil companies, on the basis of the date they went into full independent concessional agreement with the Nigerian government (see Table 2).The first generation of oil companies account for about 90% of the total crude oil production in.

The reduced oil output has hampered the Nigerian economy and destroyed its budget, since Nigeria depends on the oil industry for nearly all [clarification needed] its government revenue. [53] In late AugustNDA declared a ceasefire and agreed to negotiate with the Nigerian government.For the third time running, Shell has won the Nigeria Oil and Gas Industry Games (NOGIG), posting a commanding victory streak in the history of the year old biennial competition.

This statistic depicts the oil production in Nigeria from to Nigeria’s oil production in amounted to some million barrels per day.