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JAMB Economics 2003 Question 41

Question 41

Natural Resources and Petroleum

The major role of multi-national companies in the petroleum industry in Nigeria is

  1. A.the establishment of refineries
  2. B.oil marketing and prospecting
  3. C.oil marketing only
  4. D.oil prospecting only
Show the answer and explanation

Answer: B (oil marketing and prospecting)

Explanation

Multinational oil companies search for (prospect), produce and market Nigeria's crude oil.