THE HISTORY OF NIGERIAN CRUDE OIL INTRODUCTION What is Crude Oil Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. Crude oil can be refined to produce usable products such as gasoline, diesel and various forms of petrochemicals. It is a non-renewable resource , also known as a fossil fuel, which means that it can't be replaced naturally at the rate we consume it and is therefore a limited resource. History of Crude Oil Usage in Nigeria Nigeria is known to be a country blessed by God for their useful resources. The history of crude oil can be traced back to the time of our colonial masters. And the time of “Olobiri Oilfeld” The discovery of “Olobiri Oilfield” Oloibiri Oilfield was discovered on Sunday 15 January 1956 by Shell Darcy. It was the first commercial oil discovery in Nigeria ; this discovery ended 50 years of unsuccessful oil exploration in the country by various internat
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