What is Petroleum industry in Nigeria?
Nigeria is one of the countries that [[Manufacturing|manufactures]] oil and gas in Africa,<ref>{{Cite web|date=April 26, 2023|title=Nigeria's energy overview, 2021|url=https://www.eia.gov/international/content/analysis/countries_long/Nigeria/|access-date=2023-03-21|website=www.eia.gov}}</ref> the nation takes the second position based on the [[volume]] of production. There are two types of [[Petroleum|crude oil]] which is extracted from the Niger delta basin: the light, and heavy crude oil. The light crude oil equals 36 in weight while the heavier is about 20–25 in weight. Both the light and heavy crude oil have [[Paraffin wax|paraffin]] but they are low in [[sulfur]]. The wealth and financial plan of Nigeria have been improved upon through the income and [[Revenue|revenues]] gotten from the petroleum industry since 1960. In February 2021, the [[statistics]] has shown that the Nigerian oil sector contributes to about 9% of the entire [[Gross domestic product|GDP]] of the nation. Nigeria is an African nation that mainly produces and exports oil and gas as well as other petroleum products to the United States of America. In 2010, Nigeria exported more than one million [[Barrel|barrels]] per day to the United States, amounting to 9% of the total crude oil and petroleum products imported by the [[United States|U.S.]] and more than 40% of exports by Nigeria.<ref>{{Cite journal|last=Adeola|first=Adedapo O.|last2=Akingboye|first2=Adedibu S.|last3=Ore|first3=Odunayo T.|last4=Oluwajana|first4=Oladotun A.|last5=Adewole|first5=Adetola H.|last6=Olawade|first6=David B.|last7=Ogunyele|first7=Abimbola C.|date=2022-03-01|title=Crude oil exploration in Africa: socio-economic implications, environmental impacts, and mitigation strategies|url=https://doi.org/10.1007/s10669-021-09827-x|journal=Environment Systems and Decisions|language=en|volume=42|issue=1|pages=26–50|doi=10.1007/s10669-021-09827-x|issn=2194-5411|pmc=8358551|pmid=34401215}}</ref> The need for the improvement of the petroleum industry towards the provision of eas