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Read Also: Top 10 Highest Oil Producing Countries in Africa. 10 problems in Nigeria oil and gas industry. Below are the major top 10 problem affecting Nigeria oil and gas industry: 1. Oil spills in Niger Delta . Reports on the extent of the oil spills vary. The Department of Petroleum Resources estimated 1.89 million barrels of petroleum were spilled into the Niger Delta between 1976 and 1996

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The oil and gas sector accounts for about 10 per cent of gross domestic product, and petroleum exports revenue represents around 86 per cent of total exports revenue. Its currency is the naira. Nigeria’s Head of State and Commander-in-Chief of the Armed Forces is HE Muhammadu Buhari. The country joined OPEC in 1971. Did you know?

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Oil and Natural Gas Corporation (ONGC) (Hindi: ओ एन जी सी) is an Indian Multinational Crude Oil and Gas Corporation. Its registered office is at New Delhi, India.It is a state-owned enterprise of the Government of India, under the administrative control of the Ministry of Petroleum and Natural Gas.It is the largest oil and gas exploration and production company in the country.

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