{"id":1170,"date":"2015-06-26T15:53:05","date_gmt":"2015-06-26T15:53:05","guid":{"rendered":"http:\/\/asadkarim.co.uk\/?p=1170"},"modified":"2015-06-26T15:53:05","modified_gmt":"2015-06-26T15:53:05","slug":"nigerian-oil","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=1170","title":{"rendered":"Nigerian Oil"},"content":{"rendered":"<p>Nigeria, the largest economy in Africa. It is country of great diversity and culture. Its oil reserves are huge.<\/p>\n<p>From the BP Statistical Review of World Energy:-<\/p>\n<p>[<a href=\"http:\/\/www.bp.com\/en\/global\/corporate\/about-bp\/energy-economics\/statistical-review-of-world-energy.html\" target=\"_blank\">http:\/\/www.bp.com\/en\/global\/corporate\/about-bp\/energy-economics\/statistical-review-of-world-energy.html<\/a>]<\/p>\n<p>One can see Nigeria&#8217;s oil wealth. It has <strong>37.1 thousand million barrels of oil<\/strong> in its proven reserves.<\/p>\n<p>What is that worth ?<\/p>\n<p>One Barrel of oil is today worth $63.05 = \u00a340.11<\/p>\n<p>So <strong>37,100,000,000<\/strong> barrels x <strong>\u00a340.11<\/strong> = <strong>\u00a31,488,081,000,000<\/strong><\/p>\n<p>That is a large number, = \u00a31,488 Biion = \u00a31.48 trillion, that is equivalent to the whole of UK&#8217;s annual GDP.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nigeria, the largest economy in Africa. It is country of great diversity and culture. Its oil reserves are huge. From the BP Statistical Review of World Energy:- [http:\/\/www.bp.com\/en\/global\/corporate\/about-bp\/energy-economics\/statistical-review-of-world-energy.html] One can see Nigeria&#8217;s oil wealth. It has 37.1 thousand million barrels of oil in its proven reserves. What is that worth ? One Barrel of oil [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1170","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1170"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1170\/revisions"}],"predecessor-version":[{"id":1171,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1170\/revisions\/1171"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}