Trade exchanges between China and Nigeria in 2004 has been put at over $2 billion. China is executing the crude oil purchase deal through its national oil firm, PetroChina International along with its Nigerian partner, Equinox Energy Limited.
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China Buys Nigeria's Oil
Nigeria and China signed a Long Term Crude Oil Purchase deal of $800 million per year
Nigeria and China signed a Long Term Crude Oil Purchase deal of $800 million per year.
Under the agreement, China is to buy Nigeria's crude oil in the an\mount of 30,000 barrels daily for a period of five years.
Trade exchanges between China and Nigeria in 2004 has been put at over $2 billion. China is executing the crude oil purchase deal through its national oil firm, PetroChina International along with its Nigerian partner, Equinox Energy Limited.
Trade exchanges between China and Nigeria in 2004 has been put at over $2 billion. China is executing the crude oil purchase deal through its national oil firm, PetroChina International along with its Nigerian partner, Equinox Energy Limited.




