There are strong indications that the United States will soon resume buying Nigeria’s crude oil following ongoing talks in this regard between the US and the federal government. Minister of state for petroleum, Dr Ibe Kachikwu, who gave the indication, stated that despite having diversified into the Asian market and other parts of the world, the federal government is presently in talks with the United States government on the possibility of the latter resuming the purchase of crude oil from Nigeria. The minister disclosed this while speaking to journalists at the Kaduna airport after undertaking an inspection tour of the Kaduna Refinery and Petrochemical Company (KRPC) on Sunday. The US, which is presently the world’s largest oil producer following its discovery of shale oil, had stopped purchasing crude oil from Nigeria for a while. Speaking in response to a question on the fate of the Nigerian/US crude trade following […]