depends heavily on oil and gas, with hydrocarbon activities providing around 65
percent of total government revenue and 95 percent of export revenues.
While Nigeria supplies some LNG to world markets and is starting to export a
small amount of gas to Ghana via pipeline, the great majority of the country's
hydrocarbon earnings come from oil. In 2008, Nigeria was the 5th largest oil exporter and 10th largest holder of proved oil reserves
in the world according to the U.S. Energy Information Administration. The