India main importer of Nigerian oil, overtakes US

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Associated Press

Posted on June 19, 2014 at 10:03 AM

Updated Thursday, Jun 19 at 10:05 AM

LAGOS, Nigeria (AP) — Nigeria's state oil company says India has overtaken the United States as the biggest importer of Nigerian crude.

A statement Thursday says the U.S. has drastically reduced imports to 250,000 barrels a day.

It says India is importing one-third of Nigeria's daily output of 2.5 million barrels, followed closely by China and Malaysia.

The U.S. boom in domestic shale oil production is behind the shift.

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