RESERVE ESTIMATE OF IMERI BITUMEN DEPOSIT
CHAPTER ONE INTRODUCTION The Petroleum industry has become the mainstay of the overall economy of Nigeria, accounting for about 90 per cent of the country’s foreign exchange earrings, about 20 per cent of the Gross Domestic Product, and about 85 per cent of the Federal Government collectable revenue. The demand for this back gold is fast increasing worldwide. Figure 1.1, from Purvin & Gertz' most recent Global Petroleum Market Outlook study, shows how ...
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