Ex-CIA Analyst On Nigeria Oil: "Perennial Underperformer"
In the Barron’s Q&A today with Helima Croft, global head of commodities strategy at RBC Capital Markets, discusses how oil-producer Nigeria has failed to meet ramped-up U.S. expectations over the past decade.
Violence in Nigeria’s oil producing region has stifled output this year, and the country has been a disappointment for oil majors Chevron (CVX), Royal Dutch Shell (RDSA), Total (TOT), Italy’s ENI (E) and Brazil’s Petroleo Brasileiro or Petrobras (PBR), which are being sued for alleged involvement in illegal oil exports from Nigeria to the United States between 2011 and 2014 valued at $12.7 billion.
A: I was the economic analyst for west and central Africa, primarily focused on Nigeria and to a certain extent the Democratic Republic of Congo.
More: Barron’s Q&A with Helima Croft
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