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Wednesday, April 19, 2017

Top Oil Producing States In Nigeria

      TOP OIL-PRODUCING STATES IN NIGERIA

Nigeria is considered as one of the biggest oil producing countries in Africa. Currently, the Nigerian economy is heavily dependent on the production of oil.
According to the Nigerian National Petroleum Corporation, Nigeria has showed a significant increase of oil production. With the help of oil producing states, Nigeria managed to rich the scales of 1.782 million barrel per day. Therefore, Nigeria managed to overrun its closest competitor Angola, which produces 1.692 million barrel per day.
For September 2016, Nigeria showed results of 1.5 million barrel per day; this situation had already continued for seven months. Only in November, Nigeria managed to produce the same amount of crude oil per day as Angola did.
December 2016 Monthly Oil Market Report showed that the list of crude oil producing states in Nigeria managed to provide a significant advantage over Angola. Moreover, Angola cut its output for 78 000 barrel in December. Therefore, it only produced 1.688 million barrel, which provided Nigeria`s advantage of 94 000 barrels.
Below is a list of top oil producing states in Nigeria:

Akwa-Ibom

Akwa- Ibom is currently the largest oil producing state in Nigeria after displacing Rivers state from this position. It is located in the coastal area of Nigeria and is populated by over 5 million people according to the last census.The capital of Akwa Ibom, Uyo is said to be one of the most beautiful cities in Nigeria and attracts a lot of tourists yearly.Apart from oil, Akwa-Ibom state also has some other natural resources such as clay, coal, silver nitrate, limestone, glass sand and salt. Akwa- Ibom is divided into 31 local government areas and is dominated by three ethnic groups, Oron, Annang and Ibibio.


Rivers

Rivers state used to be the largest oil producing state in Nigeria before Akwa-Ibom took over. It is one of the most populous states in Nigeria with a population of over 5 million people according to the 2006 census. Rivers state has its capital as Port-Harcourt and is bordered by Imo, Anambra, Abia, Bayelsa and Delta States.Some of the major ethnic groups in Rivers state include Kalabari, Okrika, Ogoni, Ikwerre, Ibani and Opobo.


Delta

Delta state is one of the highest oil producing states as well as one of the richest states in Nigeria. It is also located in the Niger-Delta region of Nigeria and is composed of 25 local government areas. Warri is the heart of Delta State and is also home to one of the petroleum refineries in Nigeria. Some of the major ethnic groups in Delta State are The Urhobos, Isokos and the Itsekiris.


Bayelsa

Bayelsa State was carved out of Rivers and Delta in 1996 .It is also amongst the major oil producing states responsible for producing 80% of Nigeria’s crude oil resources. It is also one of the least populated states in Nigeria with only about 1.9 million residents. Bayelsa State has its capital as Yenagoa and is made up of four major ethnic groups namely- Ogbia, Nembe, Izon and Epie-Atissa.

Cross River

The fifth largest oil producing state in Nigeria is Cross River state. It is named about the popular river, Cross which originates in Cameroon. The capital of Cross River is Calabar and Cross River shares a boundary with Cameroon.

Other states are Abia, Edo, Imo, Anambra and Lagos.
Nigeria is considered one of the biggest oil production players in Africa Read more: https://www.naij.com/1096390-oil-producing-states-nigeria-2017.html

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