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Nembe, Nigeria’s new crude oil grade hits global market

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A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc

The company said the launch of Nembe will assist in boosting Nigeria’s oil export volume and revenue for the funding of national projects and programmes.

Nembe production was added to the Bonny Light stream more than three years ago, until instances of sabotage on the Nembe Creek Trunk Line hamstrung output, an NNPC source told Reuters on the sidelines of the Argus European Crude conference in London. Nembe is similar to Nigeria’s other distillate-rich grades such as Forcados, Bonga and Egina, Maryamu Idris, Executive Director of Crude and Condensate at NNPC Trading told the conference.

 

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NNPC-Aiteo JV introduces Nembe crude grade to oil market in LondonNNPC-Aiteo OML 29 Joint Venture (JV) took centre stage yesterday at the ongoing Argus European Crude Conference in London.
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