Nigeria - Economist Intelligence Unit - The Economist
INTERNATIONAL RELATIONS: The political process that has seen Mr Jonathan promoted to the presidency has been generally welcomed by Nigeria's main Western trading partners. Nigeria is a key supplier of oil to the US, and the US administration is keen to improve relations in the face of growing Russian and Asian interest in the country's natural resources. Nigeria's relations with Western oil companies may undergo some changes as China increases its competitive bids for Nigerian hydrocarbons resources and as the government attempts to make changes to oil-sector legislation that could increase taxes and the requirement for local inputs and labour. However, the current oil majors will remain the primary producers in the medium term.
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