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Petroleum industry in Nigeria
The petroleum industry in Nigeria is the largest on the African continent. As of 2014, Nigeria's petroleum industry contributes about 14% to its economy. Therefore, though the petroleum sector is important, it remains in fact a small part of the country's overall diversified economy.
==Oil discovery==
Shell-BP and other developers in the pursuit for commercially available petroleum found oil in Oloibiri, Nigeria in 1956. Prior to the discovery of oil, Nigeria like many other African countries strongly relied on agricultural exports to other countries to supply their economy. Many Nigerians thought the developers were looking for palm oil.〔http://news.bbc.co.uk/2/hi/africa/7840310.stm Retrieved 26 November 2012〕 But after nearly 50 years searching for oil in the country, Shell-BP discovered the oil at Oloibiri in the Niger Delta. Wishing to utilize this newfound oil opportunity, the first oil field began production in 1958.〔http://www.lubconinternational.com/history-of-the-oil-industry Retrieved 26 November 2012〕
After that, the economy of Nigeria would have seemingly experienced a strong increase. However, competition for the profits that oil produces has created a great level of terror and conflict for those living in the region. Citizens of Nigeria believe that they haven’t been able to see the economic benefits of oil companies in the state. Additionally, because Nigerian government officials have remained majority shareholders in the profits created by the production of Nigerian oil, this leads to government capturing of nearly all oil production, and citizens are not seeing socioeconomic benefits, and insist that oil companies should compensate people.〔
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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