Following the loss of
America’s market for its crude oil last year, China has stepped forward to fill
the gap by pledging to buy more oil from Nigeria.
According to the
country’s Deputy Chief of Mission in Nigeria, Mr. Zhang Bin, the Chinese
government is looking forward to importing more of Nigeria's oil, reported the
News Agency of Nigeria (NAN).
Zhang said China was
interested in Nigeria’s oil and that when President Goodluck Jonathan visited
China in 2013, the country discussed the possibility of importing more oil from
Nigeria.
“And I think we are
working on this and we hope that the Nigerian side would allow us to import
more.
“Actually what we are
looking at is improved economic cooperation between the two countries, we are
the third largest trade partner with Nigeria", he said.
He also said the trade
volume between Nigeria and China in 2014 exceeded $16 billion, but his country
was looking at possibilities of improving balancing of trade with Nigeria.
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