Oil and Gas Production Industry
MKIB 160
DEVELOPMENT OF INTERNATIONAL BUSINESS
MKIB 160
DEVELOPMENT OF INTERNATIONAL BUSINESS
Competitiveness of Oil and Gas Production Industry in Nigeria
Competitiveness of Oil and Gas Production Industry in Nigeria
LIST OF CONTENTS
Introduction…………………………………………………………………. 3
Nigeria 1.1 Background of Country…………………………………………. 4 1.2 Economic Overview………………………………………………….. 4 1.3 Global Competitiveness…………………………………………. 5
Porter’s Diamond Framework
2.1 Context for Firm Strategy and Rivalry……………………. 6
2.2 Demand Conditions………………………………………………. 8
2.3 Factor (Input) Conditions………………………………………. 9
2.4 Related and Supporting Industries…………………………. 10
Conclusion………………………………………………………………….. 12
Bibliography……………………………………………………………… 13
INTRODUCTION
Oil and gas are the key generators of the world nowadays that helps to uphold the concept of globalization. The flow of goods and capitals that require transportations and energy depends directly from the oil and gas production. As the main sources of energy and its nature of scarcity, this commodity is vulnerable to fierce competition in the global market. One of the major producer and global exporter of oil and gas is a country in Sub Saharan Africa, Nigeria.
This report seeks to analyse the business structures and the competitiveness of oil production in Nigeria. It will be based on Professor Michael Porter’s ‘Diamond’ Model of International Competitiveness whereby it will look into all the four main theories in the diamond with additional factor of government and chance.
Source: Harvard Business Review, Competitive Advantage of Nations, Michael E. Porter, March-April 2009
1.1 BACKGROUND OF COUNTRY
Nigeria is a country located in Western Africa with Niger at the north, Cameroon at the east, Benin at the west and with Gulf of Guinea at the south. The country’s total area is 923,768 square kilometres with the population of 155,215,573
DEVELOPMENT OF INTERNATIONAL BUSINESS
MKIB 160
DEVELOPMENT OF INTERNATIONAL BUSINESS
Competitiveness of Oil and Gas Production Industry in Nigeria
Competitiveness of Oil and Gas Production Industry in Nigeria
LIST OF CONTENTS
Introduction…………………………………………………………………. 3
Nigeria 1.1 Background of Country…………………………………………. 4 1.2 Economic Overview………………………………………………….. 4 1.3 Global Competitiveness…………………………………………. 5
Porter’s Diamond Framework
2.1 Context for Firm Strategy and Rivalry……………………. 6
2.2 Demand Conditions………………………………………………. 8
2.3 Factor (Input) Conditions………………………………………. 9
2.4 Related and Supporting Industries…………………………. 10
Conclusion………………………………………………………………….. 12
Bibliography……………………………………………………………… 13
INTRODUCTION
Oil and gas are the key generators of the world nowadays that helps to uphold the concept of globalization. The flow of goods and capitals that require transportations and energy depends directly from the oil and gas production. As the main sources of energy and its nature of scarcity, this commodity is vulnerable to fierce competition in the global market. One of the major producer and global exporter of oil and gas is a country in Sub Saharan Africa, Nigeria.
This report seeks to analyse the business structures and the competitiveness of oil production in Nigeria. It will be based on Professor Michael Porter’s ‘Diamond’ Model of International Competitiveness whereby it will look into all the four main theories in the diamond with additional factor of government and chance.
Source: Harvard Business Review, Competitive Advantage of Nations, Michael E. Porter, March-April 2009
1.1 BACKGROUND OF COUNTRY
Nigeria is a country located in Western Africa with Niger at the north, Cameroon at the east, Benin at the west and with Gulf of Guinea at the south. The country’s total area is 923,768 square kilometres with the population of 155,215,573
Bibliography: Nigeria: Sectoral Contribution to Gross Domestic Product (GDP) Source: Central Bank of Nigeria, Changing Structure of the Nigerian Economy (2000) and Annual Report & Statement of Accounts (2002). There are three key policy-related variables that can affect FDI flows which is infrastructure development, the openness to trade and investments and institutional quality (Elizabeh Asiedu, 2003) which currently Nigeria does not possess. BIBLIOGRAPHY * The Economist (26th June 2008) * The Economist (15th March 2007) * The Economist (27th September 2007) * Porter, M. E. (1990). The Competitive Advantage of Nations. Harvard Business Review * GDP Expenditure Report 2010 * Adepipe, B. (2004). The Impact of Oil in Nigeria’s Economic Policy Formulation. http://www.odi.org.uk/events/documents/32-background-paper-sunday-abiodun-adedipe-impact-oil-nigerias-economic-policy-formulation.pdf