China has said it seeks more crude oil exports from Nigeria in spite of the recent changes in oil prices. Zao LingXiang, Economic and Commercial Counsellor of the Chinese Embassy in Nigeria, said this in an interview with the News Agency of Nigeria in Abuja. The total amount of export to China was only about one million barrels in 2015 that was just 1.3 per cent of Nigerian annual oil export. “In my opinion, it really doesn’t matter whether Iran comes back or not; Chinese companies want to import more crude oil from Nigeria,” he said. He said that current trade volume between both countries stood at $14.94 billion in 2014 making Nigeria third largest trade partner of China in Africa. The economic counsellor added that Nigeria’s trade figure was 8.3 per cent of China’s total trade volume with Africa and 42 per cent of the total trade volume […]