ally in places like Nigeria in Central Africa and Angola in Southern Africa.
Historically, the first oil refinery in the country of Nigeria started its operations in 1965 with a capacity of about 38,000 barrels of oil each day which was enough to meet the needs of the population. In 1968, this oil refinery expanded its oil production to about 60,000 barrels each day but soon discovered that this amount of oil was not enough to "satisfy the demands of a rapidly growing economy." It was then decided to build another oil refinery which opened for business in 1978 "with a capacity of 100,000 barrels of oil per day" (Chapin, Nigeria, 160).
Following Nigeria's civil war between 1967 and 1970, petroleum output and prices grew at an astonishing rate which quickly led to the Nigerian government assuming control of "the extraction, refining and distribution of oil." By the mid-1970's, oil production in Nigeria "amounted to almost three-fourths of the total federal revenue" (Chapin, Nigeria, 161).
For many Nigerians and foreign investors, this was a time of great wealth, due to the fact that "well-connected venture capitalists" figured out how to manipulate government spending which became the avenue to their fortunes." Due to the rapid growth of Nigerian state bureaucracy and the creation of many gover
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