{"product_id":"nigerian-oil-u-s-government-accountability-office-9781287242666","title":"Nigerian Oil: Issues Affecting U.S. Investment in the Petroleum Sector: GGD-93-16","description":"Pursuant to a congressional request, GAO reviewed certain aspects of Nigeria's petroleum industry and issues affecting U.S. investment in Nigeria's petroleum sector, focusing on: (1) recent trends in Nigeria's oil production, exports, and reserves; (2) primary factors affecting Nigeria's ability to meet its production capacity and reserve goals for 1990 through 1995; (3) Nigeria's petroleum-related investment reforms and U.S. oil companies' response to those reforms; (4) factors discouraging or encouraging U.S. investment in Nigeria's petroleum sector; and (5) the efforts of the U.S. government and international organizations to support trade with and investment in Nigeria's petroleum sector. \u003cbr\u003e GAO found that: (1) from 1987 to 1991, Nigeria's oil production increased 54 percent; (2) since 1990, Nigeria has raised its reserves 25 percent; (3) in 1990 and 1991, the Nigerian government allocated new acreage for exploration and production by foreign oil companies; (4) in 1991, the Nigerian government revised the memoranda of understanding with foreign oil companies to provide monetary incentives for increased exploration and production; (5) factors that U.S. oil companies identified as discouraging foreign investment in Nigeria's oil sector included inadequate incentives to enter into proposed production-sharing contracts with the Nigerian National Petroleum Corporation for new acreage, a Nigerian-imposed limitation on the use and hire of foreign workers, and bureaucratic delays in getting supplies into and out of Nigeria; and (6) U.S. and international agencies supported trade with and investment in Nigeria's oil sector by financing an $855-million gas condensate project.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e U. S. Government Accountability Office (\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1287242669\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781287242666\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Bibliogov\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 07\/23\/2013\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 30\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.16lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.69h x 7.44w x 0.06d","brand":"U. S. Government Accountability Office (","offers":[{"title":"Paperback","offer_id":48994594619647,"sku":"9781287242666","price":15.75,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.whiterainbookhouse.com\/products\/nigerian-oil-u-s-government-accountability-office-9781287242666","provider":"WR Book House","version":"1.0","type":"link"}