The nigeria oil industry essay

The creation of the NNOC made government participation in the industry legally binding. Nigeria has a total of oil fields and wells in operation according to the Department of Petroleum Resources.

In Amnesty published the report: The methane is accompanied by carbon dioxideof which Nigeria is estimated to have emitted more than After that, the economy of Nigeria should have seemingly have experienced a strong increase. And in addition to concerns about production, oil companies began experiencing uncertainty as to the future of their investments depending on who prevailed in the war.

At the federal level, political elites have utilised patronage to consolidate power for the ruling government, not only by rewarding their political friends in the federal government, but also by paying off major interest groups at the state or tribal level in order to elicit their cooperation.

Other important oil wells discovered during the period were Afam and Bomu in Ogoni territory. It was about the consequences of the water, ground and air pollution and the rights of the local inhabitants.

The alarming scientific report showed the danger and it speeded the fight against oil companies up. It is feared the dispute over division of oil wealth could eventually be a cause for renewed conflict between the states. The regional and ethnic conflicts are so numerous that fully detailing each is impossible and impractical.

The s military juntas conducted several attempted re-organisations of the NNPC to increase its efficiency. In recent years a number of African economies have seen an accelerated GDP growth rate.

Oil in Nigeria: a cure or curse?

Shell Nigeria owns concessions on four companies, they are: Sometimes oil companies try to clean up a small part of an oil leak, but the quality of the cleanup is terrible. China will also build two other refineries, in Bayelsa and Kogi. Brought to you by: We witnessed the slow poisoning of the waters of this country and the destruction of vegetation and agricultural land by oil spills which occur during petroleum operations.

In fact, its efforts to abolish the federal structure exacerbated the growing unrest and led to another coup, led by largely northern officers in July of the same year.

Petroleum industry in Nigeria

Drinking water is frequently contaminated, and a sheen of oil is visible in many localised bodies of water. However, even during the conflict with Biafra would force changes to the relationship between federal government and the petroleum industry. Instead of exploiting this resource at the cost of social and environmental damage, developing African nations will benefit far more from directing attention back into renewable energy, and developing their manufacturing and agricultural industries.

Corruption in Nigeria In May the Nigerian federal government, then under the control of General Yakubu Gowonnationalised the oil industry by creating the Nigerian National Oil Corporation via a decree. They got executed by the military government in Nigeria. At current rates this would be 45 years of supply if no new oil was found.

Subsequently, crude oil production for refineries was reduced further to as little as 75, barrels 11, m3 per day during the regime of Sanni Abacha. The Nigerians cannot fish anymore, because the water is contaminated and therefore all the fishes die.

Oil in Nigeria: a cure or curse?

By contrast, the Yorubathe Igbo and the Efik in the south had regularly experienced contact with Europeans since at least the 16th century. Almost nothing is done against people steeling the oil or sabotaging of the oil pipes. The country also relies on the import of livestock and food to feed its population despite having largely fertile and arable lands.

But this, some say, is all a resource curse that is hurting Nigeria and disadvantaging her people. The federal military government which assumed power under General Aguiyi-Ironsi was unable to quiet ethnic tensions or produce a constitution acceptable to all sections of the country.

Free Geography essays

The main reasons underlying this trend are that some Gulf Coast refiners have reduced Nigerian imports in favor of domestically-produced crude, and that two refineries in the U. De execution showed the world how bad it was going in Nigeria.

Shell needs to clean up the mess they make, for example the massive gas leaks they create. Perhaps most importantly, the federal government created the Land Use Act which vested control over state lands in military governors appointed by the federal military regime, and eventually led to Section 40 3 of the constitution which declared all minerals, oil, natural gas, and natural resources found within the bounds of Nigeria to be legal property of the Nigerian federal government.

They give extra attention to the fact that big companies are responding with almost no attention to the massive oil leaks.

Inthe end of the Biafran war coincided with the rise in the world oil price, and Nigeria was able to reap instant riches from its oil production. And why is the wealth from overseas trade in oil not passing down to the citizens of developing countries.

Their social and economic rights are ignored and many people live in the bad conditions. However, petroleum products are unavailable to most Nigerians and are quite costly, because almost all of the oil extracted by the multinational oil companies is refined overseas, while only a limited quantity is supplied to Nigerians themselves.

In Nigeria, the deepwater sector still has a large avenue to expand and develop. Swot Analysis of Oil in Nigeria Essay information from http An Introduction to Oil Industry in India After the Indian Independence, the Oil Industry in India was a very small one in size and Oil was produced mainly from Assam and the total amount of Oil production was.

Essay on Oil Industry and Nigerian Development Words | 18 Pages.

NCDMB National Undergraduate Oil And Gas Annual Essay Competition 2018/2019 | How To Participate

Oil Industry and Nigerian Development Oil is one of the most valuable natural resources in the world today.

The oil industry carries with it a great deal of economic and political power across the globe. The debate on dilemmas in public relation and ethics in the oil and gas industry in Nigeria Milton Friedman (), a free-market economist, ascertained that a business’s one and only social responsibilities involves the making of profit.

Oil in Nigeria- a cure or curse? Africa is a region abundant in natural resources and rich in vast oil reserves. In recent years a number of African economies have seen an accelerated GDP growth rate. In many cases the petroleum industry has played a pivotal role in this growth. Some would see the.

We will write a custom essay sample on Shell Oil in Nigeria specifically for you for only $ $/page. Order now This incident had an impact on the image of Shell and the African oil industry.

It ignited world-wide protests and criticisms of the industry. Financially Shell was not burdened by the lawsuit, but the light that was shed. History of oil exploration. The history of oil exploration in Nigeria dates back to when Nigerian Bitumen Corporation conducted exploratory work in the country; however, the firm left the country at the onset of World War I.

The nigeria oil industry essay
Rated 4/5 based on 23 review
Oil in Nigeria: a cure or curse?