Energy

Nigeria’s Oil Revenue Rose 46% to $59 Billion in 2010 on Improved Security

Energy Investing

Bloomberg reported that better security in the Niger River delta has pushed up oil revenue for Nigeria.

Bloomberg reported that better security in the Niger River delta has pushed up oil revenue for Nigeria.

The market news is quoted as saying:

Attacks by armed groups in the Niger delta region, home to Nigeria’s oil and gas industry, cut more than 28 percent of the country’s oil output between 2006 and 2009, according to Bloomberg data.

To read the full market news, click here.

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