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| Key Commodities Information |
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| OPEC Quota |
2,265,000 bpd |
Since March 2005 |
OPEC Yearly Average Basket Price
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US$61.08(2006),
US$62.89(Sept. 2007) |
OPEC |
| Oil Reserve |
34 billion barrels |
2005 (DPR) |
| Gas Reserve |
182 trillion cubic feet (7th world largest,
3.3% of world total as at Jan. 2007) |
Oil & Gas Journal |
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| Oil Sector GDP Growth |
0.50(2005),
- 4.67(2006) |
Source: CBN |
GDP Projection (Oil) – 2007
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2.46% |
| GDP Projection (Non-Oil) - 2007 |
9.39% |
| Solid Minerals GDP Growth |
9.57 (2006) |
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| Agriculture |
7.06(2005)
7.17(2006) |
Source: CBN |
Non-oil Export
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US$749million (2005),
US$929million (2006)
24% growth |
| Top Non Oil Commodity Export |
Rubber, Wood , Charcoal,
Leather, Cocoa, Cashew Nuts, Cotton, Gum Arabic |
| Top 5 Destinations of non oil export |
Italy, Netherlands, Spain, India, China |
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