The NNPC-Aiteo OML 29 Joint Venture took centre stage yesterday at the ongoing Argus European Crude Conference in London when it announced the introduction of the Nembe crude oil grade to the market.
The Nembe crude was previously blended with the popular Bonny Light grade and exported via the Bonny Oil &Gas Terminal. The terminal was conceived as a Floating Storage and Offloading Vessel with a storage capacity of two million barrels and the ability to offload crude oil to any export tanker from AFRAMAX to Very Large Crude Carriers .
This achievement highlights the benefit of the strong collaboration of stakeholders, including NNPC Limited, the operator, and industry regulators, among others, to overcome challenges.
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