Nigeria - U.S. Energy Information Administration (EIA)
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Nigeria  

Country Analysis Brief Overview

  • Nigeria is the largest oil producer in Africa and is among the world's top five exporters of LNG. Despite the relatively large volumes of oil it produces, Nigeria's oil production is hampered by instability and supply disruptions, while the natural gas sector is restricted by the lack of infrastructure to monetize natural gas that is currently flared (burned off).
  • The Petroleum Industry Bill (PIB), which was initially proposed in 2008, is expected to change the organizational structure and fiscal terms governing the oil and natural gas industry if it becomes law. IOCs are concerned that proposed changes to fiscal terms may make some projects commercially unviable, particularly deepwater projects that involve greater capital spending.
  • Nigeria has the second-largest amount of proved crude oil reserves in Africa, but exploration activity has slowed. Rising security problems coupled with regulatory uncertainty have contributed to decreased exploration.
  • Crude oil production in Nigeria reached its peak of 2.44 million bbl/d in 2005, but it began to decline significantly as violence from militant groups surged, forcing many companies to withdraw staff and shut in production. Oil production recovered somewhat after 2009 but still remains lower than its peak level because of ongoing supply disruptions.
  • The instability in the Niger Delta has resulted in significant amounts of shut-in production at onshore and shallow offshore fields, forcing companies to frequently declare force majeure on oil shipments.
  • Poorly maintained, aging pipelines and pipeline sabotage from oil theft have caused oil spills. The oil spills have resulted in land, air, and water pollution, severely affecting surrounding villages by decreasing fish stocks and contaminating water supplies and arable land.
  • Europe is the largest-regional importer of Nigerian crude oil. In 2014, Europe imported slightly more than 900,000 bbl/d of crude oil and condensate from Nigeria, accounting for 45% of exports.
  • The United States typically imported between 9% and 11% of its crude oil from Nigeria before 2012. However, this share has fallen, and in 2014, U.S. imports of Nigerian crude oil accounted for less than 1% of total U.S. crude oil imports.
  • Nigeria has a crude oil distillation capacity of 445,000 bbl/d. Despite having a refinery nameplate capacity that exceeds domestic demand, the country must import petroleum because refinery utilization rates are low.
  • Nigeria is the largest holder of proved natural gas reserves in Africa and the ninth-largest holder in the world. Nigeria produced 1.35 Tcf of dry natural gas in 2013, ranking among the world's top 30 largest natural gas producers. Natural gas production is constrained by the lack of infrastructure to monetize natural gas that is currently being flared.
  • Natural gas flared in Nigeria accounted for 10% of the total amount flared globally in 2011. Gas flaring in Nigeria has decreased in recent years, from 540 Bcf in 2010 to 428 Bcf in 2013. There are a number of recently developed and upcoming natural gas projects that are focused on monetizing the natural gas that is currently flared.
  • Nigeria exported about 800 Bcf of LNG in 2013, accounting for about 7% of globally traded LNG and ranking Nigeria among the world's top five LNG exporters. Japan is the largest importer of Nigerian LNG and received 23% of the total in 2013.
  • Nigeria has one of the lowest rates of net electricity generation per capita in the world. Electricity generation falls short of demand, resulting in load shedding, blackouts, and a reliance on private generators.

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Analysis Last Updated: March xx, 2015


Overview data for Nigeria

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Petroleum (Thousand Barrels per Day)
Previous Year
Latest Year
   
History
Nigeria
Africa
OPEC
World
Rank
Nigeria
Total Oil Production 2060.0000 , 1438.0000 , 1300.0000 , 1246.0000 , 1393.0000 , 1500.0000 , 1469.9072 , 1344.4040 , 1453.9867 , 1721.6369 , 1816.8583 , 1898.1701 , 1950.6094 , 1966.9371 , 1936.4008 , 1998.0772 , 2006.7507 , 2139.7891 , 2160.0415 , 2136.3050 , 2169.1351 , 2261.4161 , 2123.3230 , 2278.5920 , 2331.6962 , 2630.8603 , 2442.2501 , 2352.7555 , 2168.8653 , 2212.1802 , 2459.4036 , 2554.4885 , 2524.1433 , 2371.5131
(1980-2013)
2,524.14 9,971 37,481 90,457 13 2,371.51
Crude Oil Production 2055.0000 , 1433.0000 , 1295.0000 , 1241.0000 , 1388.0000 , 1495.0000 , 1467.0000 , 1341.0000 , 1450.0000 , 1716.0000 , 1810.0000 , 1891.8000 , 1943.0000 , 1960.0000 , 1930.9000 , 1992.7534 , 2000.5320 , 2132.4520 , 2153.4575 , 2129.8600 , 2165.0000 , 2256.1562 , 2117.8630 , 2275.0004 , 2328.9620 , 2627.4384 , 2439.8630 , 2349.6438 , 2165.4399 , 2208.3113 , 2455.2603 , 2550.3452 , 2520.0000 , 2367.3699
(1980-2013)
2,520.00 9,058 33,392 76,160 12 2,367.37
Consumption 170.0000 , 200.0000 , 215.0000 , 202.0000 , 210.0000 , 222.0000 , 208.3000 , 218.0000 , 234.1000 , 243.9860 , 251.0000 , 258.6568 , 264.7199 , 270.7959 , 251.9716 , 284.0360 , 286.0525 , 277.2513 , 260.1014 , 251.9673 , 245.5651 , 305.6890 , 303.9465 , 288.4746 , 277.0738 , 311.6272 , 284.4665 , 232.2164 , 263.0020 , 252.9097 , 283.0764 , 287.4165 , 300.0000 , 302.0000
(1980-2013)
300.00 3,521 8,764 89,721 45 302.00
Estimated Petroleum Net Exports 1890.0000 , 1238.0000 , 1085.0000 , 1044.0000 , 1183.0000 , 1278.0000 , 1261.6072 , 1126.4040 , 1219.8867 , 1477.6509 , 1565.8583 , 1639.5134 , 1685.8895 , 1696.1412 , 1684.4292 , 1714.0413 , 1720.6982 , 1862.5378 , 1899.9401 , 1884.3377 , 1923.5700 , 1955.7270 , 1819.3765 , 1990.1175 , 2054.6224 , 2319.2331 , 2157.7835 , 2120.5391 , 1905.8632 , 1959.2705 , 2176.3271 , 2267.0720 , 2224.1433 , 2069.5131
(1980-2013)
2,224.14 6,451 28,717 -- 6 2,069.51
Refinery Capacity 160.0000 , 160.0000 , 254.0000 , 260.0000 , 247.0000 , 250.0000 , 250.0000 , 250.0000 , 270.0000 , 415.0000 , 433.0000 , 433.0000 , 433.2500 , 433.2500 , 433.2500 , 433.2500 , 433.2500 , 433.2500 , 438.7500 , 438.7500 , 438.7500 , 438.7500 , 438.7500 , 438.7500 , 438.7500 , 438.7500 , 438.7500 , 438.7500 , 505.0000 , 505.0000 , 505.0000 , 445.0000 , 445.0000
(1980-2012)
445 3,220 8,987 88,097 39 445
Proved Reserves(Billion Barrels) 17.4000 , 16.7000 , 16.5000 , 16.7500 , 16.5500 , 16.6500 , 16.6000 , 16.0000 , 15.9800 , 16.0000 , 16.0000 , 17.1000 , 17.8998 , 17.8998 , 17.8998 , 17.8998 , 20.8280 , 15.5209 , 16.7860 , 22.5000 , 22.5000 , 22.5000 , 24.0000 , 24.0000 , 25.0000 , 35.2550 , 35.8760 , 36.2200 , 36.2200 , 36.2200 , 37.2000 , 37.2000 , 37.2000 , 37.2000 , 37.1400 , 37.0700
(1980-2015)
37.14 127 1,206 1,656 11 37.07
Natural Gas (Billion Cubic Feet)
Previous Year
Latest Year
   
History
Nigeria
Africa
World
Rank
 
Nigeria
Production 37.7900 , 76.0000 , 50.0000 , 81.2000 , 97.0000 , 108.0000 , 116.0000 , 130.7000 , 133.1400 , 165.9800 , 131.0000 , 168.0000 , 173.0435 , 178.3408 , 160.6800 , 183.2800 , 192.8199 , 206.5928 , 208.3585 , 245.4393 , 440.0249 , 526.1935 , 501.4730 , 716.8945 , 769.8670 , 791.0560 , 1006.4775 , 1147.7375 , 1159.2149 , 911.9869 , 1023.7819 , 1107.4784 , 1190.4809
(1980-2012)
1,107.48 7,124 116,255 25   1,190.48
Consumption 37.7900 , 76.0000 , 50.0000 , 81.2000 , 97.0000 , 108.0000 , 116.0000 , 130.7000 , 133.1400 , 165.9800 , 131.0000 , 168.0000 , 173.0435 , 178.3408 , 160.6800 , 183.2800 , 192.8199 , 206.5928 , 208.3585 , 219.3062 , 237.6700 , 219.3062 , 224.6034 , 300.5307 , 329.1358 , 365.8634 , 385.6398 , 374.3390 , 433.4916 , 347.6532 , 177.6345 , 190.7010 , 244.2334
(1980-2012)
190.70 3,909 116,395 56   244.23
Net Export/Imports(-) 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 26.1331 , 202.3550 , 306.8874 , 276.8696 , 416.3639 , 440.7312 , 425.1926 , 620.8377 , 773.3985 , 725.7233 , 564.3337 , 846.1474 , 916.7774 , 946.2474
(1990-2012)
916.78 3,215 -- 81   946.25
Proved Reserves
(Trillion Cubic Feet)
41.4000 , 41.0000 , 40.5000 , 32.4000 , 34.8000 , 35.6000 , 47.0000 , 47.0000 , 84.0000 , 85.0000 , 87.4000 , 87.4000 , 104.7200 , 120.0000 , 120.0000 , 120.0000 , 109.7100 , 104.7170 , 114.8520 , 124.0000 , 124.0000 , 124.0000 , 124.0000 , 124.0000 , 159.0000 , 176.0000 , 184.6600 , 181.9000 , 183.9900 , 184.1600 , 185.2800 , 186.8800 , 180.4580 , 182.0000 , 180.7370 , 180.4900
(1980-2015)
180.74 606 6,973 9   180.49
Coal (Million Short Tons)
Previous Year
Latest Year
   
History
Nigeria
Africa
World
Rank
 
Nigeria
Production 0.1940 , 0.1279 , 0.0628 , 0.0595 , 0.0915 , 0.1532 , 0.1587 , 0.1598 , 0.0904 , 0.0893 , 0.0992 , 0.1102 , 0.0959 , 0.0309 , 0.0276 , 0.0220 , 0.0088 , 0.0110 , 0.0132 , 0.0176 , 0.0033 , 0.0033 , 0.0474 , 0.0254 , 0.0088 , 0.0088 , 0.0088 , 0.0254 , 0.0353 , 0.0375 , 0.0419 , 0.0353 , 0.0353
(1980-2012)
0.035 285 8,444 65   0.035
Consumption 0.1984 , 0.1323 , 0.0672 , 0.0639 , 0.0838 , 0.1543 , 0.1235 , 0.1190 , 0.0672 , 0.0606 , 0.0694 , 0.0781 , 0.1047 , 0.0397 , 0.0353 , 0.0298 , 0.0165 , 0.0187 , 0.0209 , 0.0231 , 0.0088 , 0.0033 , 0.0474 , 0.0254 , 0.0088 , 0.0088 , 0.0088 , 0.0254 , 0.0386 , 0.0375 , 0.0419 , 0.0353 , 0.0353
(1980-2012)
0.035 219 8,285 106   0.035
Net Export/Imports(-) -4.4092 , -4.4092 , -4.4092 , -4.4092 , 7.7162 , -1.1023 , 35.2740 , 40.7855 , 23.1485 , 28.6601 , 29.7624 , 32.1588 , -8.8185 , -8.8185 , -7.7162 , -7.7162 , -7.7162 , -7.7162 , -7.7162 , -5.5116 , -5.5116 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , -3.3069 , 0.0000 , 0.0000 , 0.0000 , 0.0000
(1980-2012)
0.000 66 -- 87   0.000
Electricity (Billion Kilowatthours)
Previous Year
Latest Year
   
History
Nigeria
Africa
World
Rank
 
Nigeria
Net Generation 6.8670 , 7.8400 , 8.1400 , 8.2830 , 8.5730 , 9.9290 , 11.3960 , 10.7530 , 11.1550 , 12.2510 , 12.0290 , 13.6130 , 14.2470 , 13.9130 , 14.8770 , 13.8890 , 14.3670 , 14.6970 , 14.7300 , 15.4320 , 14.1310 , 14.8310 , 20.6630 , 19.3450 , 23.2240 , 22.5150 , 22.0360 , 21.9109 , 20.1297 , 18.8171 , 24.8722 , 25.7060 , 27.2660
(1980-2012)
25.71 658 21,182 68   27.27
Net Consumption 4.6850 , 5.6850 , 5.9490 , 6.0610 , 6.0440 , 6.4460 , 8.3250 , 7.2510 , 7.2780 , 8.3450 , 8.0270 , 8.1890 , 8.4250 , 8.2730 , 7.9960 , 7.9080 , 7.6310 , 7.8840 , 8.5540 , 8.3600 , 8.4910 , 8.8190 , 14.2700 , 12.5660 , 15.6590 , 16.9350 , 14.8550 , 19.2609 , 18.1407 , 17.6571 , 20.3752 , 23.1250 , 24.7810
(1980-2012)
23.13 584 19,397 67   24.78
Installed Capacity (GWe) 2.5070 , 2.7550 , 2.8720 , 3.1920 , 3.5720 , 4.1920 , 4.5740 , 4.5740 , 4.5740 , 4.9600 , 5.9580 , 5.9590 , 5.8810 , 5.8810 , 5.8810 , 5.8810 , 5.8880 , 5.8880 , 5.8880 , 5.8880 , 5.8880 , 5.8880 , 5.8880 , 5.8980 , 5.8980 , 5.8980 , 5.9002 , 5.9002 , 5.9002 , 5.9002 , 5.9002 , 5.9002 , 6.0902
(1980-2012)
5.90 137 5,315 72   6.09
Total Primary Energy (Quadrillion Btu)
Previous Year
Latest Year
   
History
Nigeria
Africa
World
Rank
 
Nigeria
Production 4.4951 , 3.1821 , 2.8582 , 2.7694 , 3.1177 , 3.3565 , 3.3113 , 3.0527 , 3.3031 , 3.9016 , 4.0694 , 4.3000 , 4.4270 , 4.4509 , 4.3698 , 4.5255 , 4.5637 , 4.8498 , 4.8985 , 4.8908 , 5.1780 , 5.4536 , 5.1544 , 5.7085 , 5.8988 , 6.5230 , 6.3248 , 6.2750 , 5.8992 , 5.7143 , 6.3763 , 6.6606 , 6.6917
(1980-2012)
6.661 34 519 17   6.692
Consumption 0.4223 , 0.5180 , 0.5170 , 0.5184 , 0.5565 , 0.5995 , 0.5874 , 0.6196 , 0.6632 , 0.7181 , 0.6989 , 0.7694 , 0.7864 , 0.7486 , 0.7432 , 0.8327 , 0.8494 , 0.8507 , 0.8158 , 0.8175 , 0.8094 , 0.9110 , 0.9347 , 0.9777 , 0.9836 , 1.0815 , 1.0295 , 0.9098 , 1.0266 , 0.9037 , 0.8079 , 0.8269 , 0.9034
(1980-2012)
0.827 17 520 64   0.903
Energy Intensity
(Btu per 2005 U.S. Dollars)
3817.2915 , 4803.9162 , 4947.1486 , 5224.5820 , 5724.4159 , 5693.2190 , 6112.8490 , 7225.5139 , 7191.5431 , 7313.2295 , 6311.8056 , 6992.1407 , 7115.3145 , 6635.1615 , 6527.7652 , 7336.2726 , 7127.5876 , 6943.8318 , 6483.0657 , 6466.0209 , 6078.6023 , 6124.1019 , 5732.8624 , 5247.7883 , 4618.8689 , 4909.6092 , 4345.9273 , 3591.3452 , 3713.1557 , 3094.2126 , 2579.9508 , 2448.2860
(1980-2011)
2,580 5,383 7,413 168   2,448
Carbon Dioxide Emissions (Million Metric Tons of CO₂)
Previous Year
Latest Year
   
History
Nigeria
Africa
World
Rank
 
Nigeria
Total from Consumption of Fossil Fuels
69.1385 , 58.8159 , 56.1868 , 55.5649 , 58.7558 , 61.0036 , 59.8968 , 60.6790 , 63.7677 , 76.6481 , 82.4804 , 88.6308 , 94.0899 , 96.6467 , 95.3483 , 100.1551 , 101.7444 , 92.0284 , 88.7536 , 84.8187 , 80.7524 , 91.5144 , 90.9353 , 92.7703 , 92.2767 , 105.9975 , 101.5519 , 99.1648 , 99.1592 , 78.9560 , 73.7637 , 83.1307 , 86.3975
(1980-2012)
83.13 1,169 32,155 45   86.40

-- = Not applicable; NA = Not available; E = Estimate value
Sources: EIA. For more detailed data, see International Energy Statistics.

Data last updated: May 30, 2013