Nigeria has added a new crude grade known as Utapate, as Africa’s biggest oil producer strives to return output to pre-pandemic levels.
A subsidiary of the Nigerian National Petroleum Company Limited (NNPC) and venture partner Natural Oilfield Services loaded the first export cargo last month, according to people familiar with the matter. They declined to be identified because the information isn’t public.
The Utapate, a light, low-sulphur oil from the Niger Delta region is one of several dozen grades produced in Nigeria. The Utapate terminal produced almost 19 000 barrels a day in June, according to Bloomberg calculations from regulatory data.
Read more at LeadershipNg
A subsidiary of the Nigerian National Petroleum Company Limited (NNPC) and venture partner Natural Oilfield Services loaded the first export cargo last month, according to people familiar with the matter. They declined to be identified because the information isn’t public.
The Utapate, a light, low-sulphur oil from the Niger Delta region is one of several dozen grades produced in Nigeria. The Utapate terminal produced almost 19 000 barrels a day in June, according to Bloomberg calculations from regulatory data.
Read more at LeadershipNg
