Importance of Crude Oil and Petrochemicals
Statistics as at 2021 shows that Nigerian oil sector contributes to about 9% of the entire GDP of the nation.
It serves as means of foreign exchange to countries that are involved in the refining and exportation of crude oil hence making their economy to be very buoyant.
Petrochemicals are used to create most of the everyday items we use. From vehicles to a variety of electronics, almost all the things we use today are powered by or made of petrochemicals.
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