Nigeria Oil Industry Overview
Drillers
MARCH 24, 2020
That was formed in 1977 under the name National Nigeria Petroleum Company. While the NDA’s methods were undoubtedly questionable, the rise in militant activity in the Delta coincided with the 2014 oil price collapse which plunged Nigeria into a recession. Nigeria joined OPEC in 1971 before it even had its own state oil company.
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