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Slow Asian crude oil output growth opens way for Nigeria, others

Published by Vanguard on Tue, 25 Mar 2014


Oil producers from Africa to the Americas have a growing opportunity to supply crude to the Asia-Pacific, as the region's output stagnates and massive refining capacity comes online in China and India. Asian refiners import - mostly from the Middle East - more than twice the volume of crude produced regionally, and have been taking more shipments from West Africa since 2009.The post Slow Asian crude oil output growth opens way for Nigeria, others appeared first on Vanguard News.
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