In spite of the recent change in the global oil prices, China has said it is seeking more crude oil export from Nigeria, the Economic and Commercial Counsellor of the Chinese Embassy in Nigeria, Mr. Zao LingXiang, said this in an interview with the News Agency of Nigeria in Abuja.
China’s oil’s export in 2015 is about 1.3 per cent of Nigeria’s annual oil export, it exported about one million barrel in 2015.
“in my opinion, it really doesn’t matter whether Iran comes back or not; Chinese companies want to import more crude oil from Nigeria,” LingXiang said.
He added that the current trade volume between both countries stood at $14.94bn in 2014, making Nigeria the third largest trade partner of China in Africa.
Source: The Punch