INDIA, EUROPE REDUCE IMPORT OF NIGERIAN CRUDE OIL


Nigeria’s crude oil export reduced by  11 per cent from September 2016 as India and some European countries slashed their imports in September.
A report from the Nigerian National Petroleum Corporation showed that India, the single largest buyer of Nigerian crude, bought 10.12 million barrels in September, down from 12.54 million barrels the previous month.
Indonesia, another Asian buyer, cut the amount of crude oil purchased from Nigeria to 1.89 million barrels from 4.79 million barrels.
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