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Nigerian Oil: Issues Affecting U.S. Investment in the Petroleum Sector

GGD-93-16 Published: Nov 20, 1992. Publicly Released: Dec 21, 1992.
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Highlights

Pursuant to a congressional request, GAO reviewed certain aspects of Nigeria's petroleum industry and issues affecting U.S. investment in Nigeria's petroleum sector, focusing on: (1) recent trends in Nigeria's oil production, exports, and reserves; (2) primary factors affecting Nigeria's ability to meet its production capacity and reserve goals for 1990 through 1995; (3) Nigeria's petroleum-related investment reforms and U.S. oil companies' response to those reforms; (4) factors discouraging or encouraging U.S. investment in Nigeria's petroleum sector; and (5) the efforts of the U.S. government and international organizations to support trade with and investment in Nigeria's petroleum sector.

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Foreign governmentsInternational economic relationsInternational organizationsInvestment planningInvestments abroadOil importingOil resourcesPetroleum explorationPetroleum industryCrude oil