Nigeria might in the near future resume crude oil exports to
the United States, according to the president of a Washington-based Global
Water and Energy Strategy Team (GWEST), Paul Wihbey.
He said a key component of President Barack Obama and
President Buhari’s recent meeting in Washington, is for the resumption of
significant volume of crude oil export to the U.S, as Saudi Arabia lean more
towards China.
Wihbey, who before President Buhari’s visit to the U.S.,
briefed the U.S Marine Corps Command and Staff College, as well as U.S Marine
Corps War College, Quantico, Virginia, as an expert on geopolitics of the
international energy sector, particularly on Nigeria, explained that if Nigeria
establishes credible political institutions, it will in no distance time
replace Saudi Arabia as a key oil exporter to the U.S.
Also, President Muhammadu Buhari has been advised to swiftly
put in place a new strategic energy policy for export of Nigerian oil to new
markets in Asia, while also urging government to resolve the crisis with India,
which has expressed its willingness to increase its crude oil import from
Nigeria to about $50billion
annually.
annually.
He spoke during a lecture themed, “The global oil and gas
market dynamics: outlook for Nigeria’, at the Emerald Energy Institute of the
University of Port Harcourt, Rivers State at the weekend.
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