Expert Raises Hope of Nigeria’s Crude Export to The U.S

Crude oil export from Nigeria to the United States of America has received renewed hopes as plans are on ground to revive the trade. Paul Wihbey, president of Washington-based Global Water and Energy Strategy Team (GWEST) has informed the media as reported by The Guardian.

While delivering a lecture at the Emerald Energy Institute of the University of Port Harcourt, Wihbey gave a hint of Nigeria’s crude oil export resumption to the U.S, if Nigeria establishes credible political institutions, it will in the not too distant future replace Saudi Arabia as a key oil exporter to the United States.

An energy expert and former presidential adviser on petroleum matters, Dr. Emmanuel Egbogah, who chaired the lecture, also said that the recent visit of President Buhari to Washington was to hold talks with President Barack Obama for the resumption of significant volumes of crude oil exports to the U.S, as Saudi Arabia leans more towards China.

In addition, 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.