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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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.
GAO found that: (1) from 1987 to 1991, Nigeria's oil production increased 54 percent; (2) since 1990, Nigeria has raised its reserves 25 percent; (3) in 1990 and 1991, the Nigerian government allocated new acreage for exploration and production by foreign oil companies; (4) in 1991, the Nigerian government revised the memoranda of understanding with foreign oil companies to provide monetary incentives for increased exploration and production; (5) factors that U.S. oil companies identified as discouraging foreign investment in Nigeria's oil sector included inadequate incentives to enter into proposed production-sharing contracts with the Nigerian National Petroleum Corporation for new acreage, a Nigerian-imposed limitation on the use and hire of foreign workers, and bureaucratic delays in getting supplies into and out of Nigeria; and (6) U.S. and international agencies supported trade with and investment in Nigeria's oil sector by financing an $855-million gas condensate project.
Dec 9, 2020
International Trade:
Observations On Whether Women's Rights and Economic Interests Are Protected or Promoted by U.S. Trade Preference ProgramsGAO-21-190: Published: Dec 9, 2020. Publicly Released: Dec 9, 2020.
Dec 2, 2020
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Foreign Assistance:
USAID Should Analyze Data on the Timeliness of ExpendituresGAO-21-51: Published: Dec 2, 2020. Publicly Released: Dec 2, 2020.
Nov 19, 2020
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Global Food Security:
Information on Spending and Types of Assistance Provided by the United States and Other DonorsGAO-21-47R: Published: Nov 19, 2020. Publicly Released: Nov 19, 2020.
Nov 9, 2020
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Human Trafficking:
Agencies Have Taken Steps to Strengthen International Anti-trafficking ProjectsGAO-21-53: Published: Nov 9, 2020. Publicly Released: Nov 9, 2020. -
Rule of Law Assistance:
State and USAID Could Improve Monitoring EffortsGAO-21-14: Published: Nov 9, 2020. Publicly Released: Nov 9, 2020.
Oct 27, 2020
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Forced Labor Imports:
DHS Increased Resources and Enforcement Efforts, but Needs to Improve Workforce Planning and MonitoringGAO-21-106: Published: Oct 27, 2020. Publicly Released: Oct 27, 2020.
Oct 2, 2020
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Combating Wildlife Trafficking:
Agencies Work to Address Human Rights Abuse Allegations in Overseas Conservation ProgramsGAO-21-139R: Published: Oct 2, 2020. Publicly Released: Oct 2, 2020.
Sep 22, 2020
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Cyber Diplomacy:
State Has Not Involved Relevant Federal Agencies in the Development of Its Plan to Establish the Cyberspace Security and Emerging Technologies BureauGAO-20-607R: Published: Sep 22, 2020. Publicly Released: Sep 22, 2020.
Sep 15, 2020
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Steel and Aluminum Tariffs:
Commerce Should Improve Its Exclusion Request Process and Economic Impact ReviewsGAO-20-517: Published: Sep 15, 2020. Publicly Released: Sep 15, 2020.
Sep 14, 2020
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Conflict Minerals:
Actions Needed to Assess Progress Addressing Armed Groups' Exploitation of MineralsGAO-20-595: Published: Sep 14, 2020. Publicly Released: Sep 14, 2020.
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