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Nigeria: India overtakes US as biggest importer of Nigerian crude oil

Published January 08, 2015

Associated Press

Nigeria's state oil company says India has overtaken the United States as the biggest importer of Nigerian crude.

A statement Thursday says the U.S. has drastically reduced imports to 250,000 barrels a day.

It says India is importing one-third of Nigeria's daily output of 2.5 million barrels, followed closely by China and Malaysia.

The U.S. boom in domestic shale oil production is behind the shift.

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