Business, 25.05.2021 20:10 madisonrendler1787

Oil and natural gas play a significant role in the global economy. The production and export of these commodities also have economic and political consequences within energy-producing countries such as Nigeria and Russia. (a) Explain how large-scale oil production has stimulated economic development in Nigeria. (b) Explain how large-scale oil production has limited economic development in Nigeria. (c) Describe how the degree of central government control of oil and gas production differs between Nigeria and Russia. (d) Describe one political consequence of oil production in Nigeria. (e) Describe a different political consequence of oil and gas production in Russia.

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Oil and natural gas play a significant role in the global economy. The production and export of thes...

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