Nigeria Exported More Than Second-Largest OPEC Nation Iran
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Nigeria, Africa’s top oil producer, surpassed Iran as the Organization of Petroleum Exporting Countries’ second-largest exporter in 2010 as security improved in the African nation and as Iran used more crude at home.
Nigeria shipped 2.464 million barrels a day last year, followed by Iran with 2.248 million barrels, according to OPEC’s Annual Statistical Bulletin published today on its website. Iran’s refining capacity rose by 18 percent last year, the biggest gain among OPEC’s 12 members, the report showed.