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| Gu Kiaojie, China's Ambassador to Nigeria |
The Envoy told
Tectono
Business Review that: “Contrary to insinuations, China’s oil import from Nigeria
remains steady. For the past four to five years China has never reduced the
volume of crude oil importation from Nigeria, the volume remains stable.”
He referred
to the current trend in the crude oil market as a global phenomenon and said that
the global oil market was weak. He blamed the trend on weak global economy and
the market forces of demand and supply, though he admitted that China is not a
major crude oil importer in the world.
He said: “China steadily purchases between two to three per cent of
total global Nigerian crude oil export.”
Gu Kiaojie opined
that Nigerians should intensify their efforts in looking inward and see what
they can produce locally rather than relying on importation, adding that apart
from crude oil, China imports commodities like iron ore, soya beans from
Nigeria on regular basis.
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