tag:blogger.com,1999:blog-82299323328298918122024-02-21T03:27:58.064+00:00Nigeria Bonny Light Crude Oil (NBLCO)Nigeria Bonny Light Crude Oil Facilitator; connecting direct crude oil Sellers to buyers of crude oil and other petroleum products worldwide, Our base is Ghana and Nigeria. Our sellers handle CIF, FOB, TTO, TTT with favorable terms and conditions.
Our primary focus is on the Nigeria Light crude oil; however, we do facilitate other crude oil and petroleum products such as Saudi Light Crude Oil SLCO, Iraqi Light Crude Oil, Russian Crude Oil, D2 Diesel Fuel, JP54 Jet Fuel, Mazut etc...Goddy Onogwuhttp://www.blogger.com/profile/10440701924063601224noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8229932332829891812.post-47352755515800329522019-04-01T12:18:00.000+00:002019-04-01T12:18:37.445+00:00CIF Procedures<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="" style="clear: both; text-align: center;">
<span style="font-size: x-large;"><b>Bonny Light Crude Oil
CIF Procedures</b></span>
</div>
<br />
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh6B5Btkvm6gsfCqrifxjpXb5Zh5oEYHt7U-KZ5VEiifUl5yNjHpff45L_R39N_JWits6gKBuK-NzJUqKstTQ2QK9n-zEfN-pJTkZo2OK_ya5H_7rNwaXuRL4XlIYQ1bph7DQem1WldN-Q/s1600/nblco+crude-oil.png" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="113" data-original-width="150" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh6B5Btkvm6gsfCqrifxjpXb5Zh5oEYHt7U-KZ5VEiifUl5yNjHpff45L_R39N_JWits6gKBuK-NzJUqKstTQ2QK9n-zEfN-pJTkZo2OK_ya5H_7rNwaXuRL4XlIYQ1bph7DQem1WldN-Q/s1600/nblco+crude-oil.png" /></a><span style="font-family: "calibri" , "sans-serif"; font-size: large;"><b><u>PRODUCT SPECIFICATION AND REQUIREMENT</u></b><br />1) Product: Crude<br />2) Name: Nigerian Bonny Light Crude Oil (NBLCO)<br />3) Country of origin: Nigeria.</span><br />
<br />
<br />
<div class="MsoNormal">
<b><span style="font-size: large;">We have two (2) million barrels of Crude Oil, Direct from the
Nigerian National Petroleum Corporation (NNPC</span></b></div>
<b><span style="font-size: large;">
</span></b><br />
<div class="MsoNormal">
<b><span style="font-size: large;">It is a CIF transaction.</span></b></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal">
<span style="font-size: large;"><b>1.</b> Buyer issue irrevocable purchase order ICPO with
corporate registration of Buyer Company and company profile. <b>With confirmable
Proof of Fund (POF)</b></span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal">
<span style="font-size: large;"><b>2.</b> Seller <b>SCO with Proof of Product (POP)</b>, issues the
Contract for review and endorsement by the buyer.</span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal">
<span style="font-size: large;"><b>3.</b> Buyer’s bank issues pre-advice to Seller’s account via
MT799, confirming readiness to swift operative STANDBY LETTER OF CREDIT (SBLC)
or BANK GUARANTEE (BG) via SWIFT MT760 for the entire quantity value of the
spot lift from Seller’s tanks/vessel, and for Seller to lodge and activate a 2%
PB (Performance Bond/ Performance Guarantee in favor of the Buyer.</span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal">
<span style="font-size: large;"><b>4.</b> Seller’s bank issues pre-advice confirming readiness to
activate the SBLC / BG with a 2%PB.</span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal">
<span style="font-size: large;"><b>5. </b>Upon confirmation, within twenty–four (24) hours, Buyer’s
bank swift confirmed, operative SBLC / BG by swift via MT760 in favor of the
Seller, Seller issues 2% PB.</span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal">
<span style="font-size: large;"><b>6.</b> Subsequently Seller ensures that the cargo is registered
and programmed in buyers’ name. Seller provides cargo documents programmed in
Buyer’s name for the loaded vessel which includes:</span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal">
<span style="font-size: large;">• Clean Ocean Bill of Lading, One (1) Original and three (3)
copiers.</span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal">
<span style="font-size: large;">• Seller’s Commercial Invoice, One (1) Original and three
(3) copies.</span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal">
<span style="font-size: large;">• SGS/SAYBOLT Certificate of Quality and Quantity, One (1)
Original and three (3) copies.</span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal">
<span style="font-size: large;">• Certificate of Origin, One (1) Original and three (3)
copies.</span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal">
<span style="font-size: large;"><span lang="FR">• Cargo Manifest</span></span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal">
<span style="font-size: large;"><span lang="FR">• Charter Party
Agreement</span></span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal">
<span style="font-size: large;"><span lang="FR">• Vessel Ullage
report.</span></span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal">
<span style="font-size: large;"><span lang="FR">• Vessel Q88</span></span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal">
<span style="font-size: large;"><b>7.</b> Seller issues periodic NOR/ETA for the buyer to prepare
clearance for seller’s vessel at Buyer’s POD. At POD, Seller’s Captain Issues a
Marine ATB and invites Buyer’s inspectors to board seller’s loaded vessel, at
buyer’s cost, to conduct Quality and Quantity.</span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal">
<span style="font-size: large;"><b>8. </b>Upon satisfactory SGS Quality and Quantity report, the
buyer makes payment via MT103 OR TT wire transfer to seller designated account
for the total product available.</span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal">
<span style="font-size: large;"><b>9. </b>Seller changes the title of ownership of the product to
buyer’s name and changes the POP documents to the name of the buyer, Henceforth
the buyer is the owner of the product.</span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal">
<span style="font-size: large;">A. Bill of lading</span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal">
<span style="font-size: large;">B. Certificate of origin</span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal">
<span style="font-size: large;">C. Certificate of analysis Report</span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal">
<span style="font-size: large;">D. Certificate of Q&Q (SGS or equivalent)</span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal">
<span style="font-size: large;"><span lang="FR">E. Seller’s
commercial invoice</span></span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal">
<span style="font-size: large;"><span lang="FR">F. Vessel ullage
report</span></span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal">
<span style="font-size: large;">G. Cargo Manifest</span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal">
<span style="font-size: large;">H. Title</span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal">
<span style="font-size: large;"><b>NOTE:</b> BLOCKED FUNDS Via MT799 WILL ALSO BE ACCEPTED, 2% PBG
WILL NOT BE AVAILABLE FOR THE BLOCKED FUND OPTION.</span></div>
<br />
<div style="text-align: center;">
<span style="font-size: x-large;"><b><span style="font-family: "calibri" , "sans-serif";">• Technical Specifications</span></b></span></div>
<span style="font-size: x-large;"><b><span style="font-family: "calibri" , "sans-serif";">BONNY LIGHT (BLCO) </span></b></span><br />
<span style="font-family: "calibri" , "sans-serif"; font-size: large;"><span style="font-family: "calibri" , "sans-serif";">Specific Gravity: 0.8459.<br />Water Content: 0.2% Vol. Max<br />BSW: 0.6% Vol., max.<br />Pour point: Below 40 Degree F. max<br />Salt: LB per 1,000 bbl, 12, max<br />Total Sulphur, wt%: 0.14 max<br />Reid Vapor Pressure: 6.52 PSIG, max <br />Carbon Residue, wt%: 1.0, max.<br />VINI, PPM wt:, 2.0<br />Vis, cst @ 37.8 Deg C.: 3.47, min. <br />Yield C1-C4 wt%: 2.10</span></span><br />
<br />
<span style="font-family: "calibri" , "sans-serif"; font-size: large;"><span style="color: #274e13;"><b><span style="font-size: large;">You may use the Contact form at the Top Right hand corner on
the Screen to contact us, and we will get back with you promptly</span></b></span><span style="color: #274e13;"><b><span style="font-size: large;"><span style="color: #274e13;"><b><span style="font-size: large;"><span style="font-family: "calibri" , "sans-serif"; font-size: 11.0pt; line-height: 115%;"> <span style="font-family: inherit;">↗</span></span></span></b></span></span></b></span> </span></div>
Goddy Onogwuhttp://www.blogger.com/profile/10440701924063601224noreply@blogger.comtag:blogger.com,1999:blog-8229932332829891812.post-38204954380031185212018-11-11T11:05:00.000+00:002018-11-11T11:05:41.663+00:00BONNY LIGHT CRUDE OIL (FOB) PROCEDURES<div dir="ltr" style="text-align: left;" trbidi="on">
<br />
<div class="MsoNormalCxSpMiddle">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "arial" , "sans-serif";">ARTICLE 23.<span style="mso-tab-count: 1;"> </span><span style="mso-spacerun: yes;"> </span>PROCEDURES:</span></b></div>
<div class="MsoNormalCxSpMiddle">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "arial" , "sans-serif"; font-size: 9.0pt; line-height: 115%;"> </span></b><span style="color: black; font-family: "cambria" , "serif"; font-size: 12.0pt; line-height: 115%;">23.1<span style="mso-spacerun: yes;">
</span>SELLER ISSUES CONTRACT FOR BUYER’S REVIEW, AND (FORM C12/CIS) TO BUYER
FOR COMPLETION. </span></div>
<div class="MsoNormalCxSpMiddle">
<span style="color: black; font-family: "cambria" , "serif"; font-size: 12.0pt; line-height: 115%;"><span style="mso-spacerun: yes;"> </span>23.2<span style="mso-spacerun: yes;">
</span>BUYER, INITIALS AND SIGNS THE CONTRACT, COMPLETES AND RETURNS (FORM C12)
ALONGSIDE THE CONTRACT TO THE SELLER</span><span style="color: black; font-family: "cambria" , "serif"; font-size: 12.0pt; line-height: 115%;">.</span></div>
<div class="MsoNormalCxSpMiddle" style="margin-left: .5in; mso-add-space: auto; text-indent: -.5in;">
<span style="color: black; font-family: "cambria" , "serif"; font-size: 12.0pt; line-height: 115%;">23.3 (<i style="mso-bidi-font-style: normal;">ELECTRONICALLY
TRANSMITTED COPIES SHALL BE DEEMED ORIGINAL AND BINDING).</i></span></div>
<div class="MsoNormalCxSpMiddle" style="margin-left: .5in; mso-add-space: auto; text-align: justify; text-indent: -.5in;">
<span style="color: black; font-family: "cambria" , "serif"; font-size: 12.0pt; line-height: 115%;">23.4<span style="mso-tab-count: 1;"> </span>SELLER PROVIDES THE TEXT (VERBIAGE) FOR THE LETTER OF CREDIT
(MT760).<span style="mso-spacerun: yes;"> </span></span></div>
<div class="MsoNormalCxSpMiddle" style="margin-left: .5in; mso-add-space: auto; text-align: justify; text-indent: -.5in;">
<span style="color: black; font-family: "cambria" , "serif"; font-size: 12.0pt; line-height: 115%;">23.5<span style="mso-tab-count: 1;"> </span>BUYER PROVIDE DETAILS OF CHARTERED VESSEL, 1- 2- MILLION BARREL
(VLCC) VESSEL AND FURNISHES SELLER WITH HIS CHARTER DOCUMENTS.</span></div>
<div class="MsoNormalCxSpMiddle" style="margin-left: .5in; mso-add-space: auto; text-align: justify; text-indent: -.5in;">
<span style="color: black; font-family: "cambria" , "serif"; font-size: 12.0pt; line-height: 115%;">23.6
BUYER PLACES SBLC, COVERING A FIRST SHIPMENT, WHICH STAYS IN PLACE FOR
THE REMAINDER OF THE CONTRACT.</span></div>
<div class="MsoNormalCxSpMiddle" style="margin-left: .5in; mso-add-space: auto; text-align: justify; text-indent: -.5in;">
<span style="color: black; font-family: "cambria" , "serif"; font-size: 12.0pt; line-height: 115%;">23.7 <span style="mso-tab-count: 1;"> </span>BUYER RESPONSIBLE FOR INWARD AND OUTWARD CLEARANCE OF BUYER’S
VESSEL AND VESSEL IS CALLED INTO PORT FOR LOADING. </span></div>
<div class="MsoNormalCxSpMiddle" style="margin-left: .5in; mso-add-space: auto; text-align: justify; text-indent: -.5in;">
<span style="color: black; font-family: "cambria" , "serif"; font-size: 12.0pt; line-height: 115%;">23.8<span style="mso-spacerun: yes;"> </span>SELLER PROGRAMS BUYER’S NOMINATED VESSEL
FOR LOADING IN ACCORDANCE WITH THE GIVEN ETA IN THE NAME OF BUYER AS OWNER AND
CONSIGNEE OF THE CARGO. </span></div>
<div class="MsoNormalCxSpMiddle" style="margin-left: .5in; mso-add-space: auto; text-align: justify; text-indent: -.5in;">
<span style="color: black; font-family: "cambria" , "serif"; font-size: 12.0pt; line-height: 115%;">23.9 <span style="mso-tab-count: 1;"> </span>VESSEL IS LOADED IN BUYER’S NAME AND FULL DOCUMENTATION IS
ISSUED IN THE NAME OF BUYER AND SOFT COPIES SENT TO BUYER.</span></div>
<div class="MsoNormalCxSpMiddle" style="margin-left: .5in; mso-add-space: auto; tab-stops: .5in; text-align: justify; text-indent: -.5in;">
<span style="color: black; font-family: "cambria" , "serif"; font-size: 12.0pt; line-height: 115%;">23.10 <span style="mso-tab-count: 1;"> </span>WITHIN 24 HOURS AFTER A SUCCESSFUL Q&Q,
BUYER’S BANK PAYS FOR THE PRODUCT VIA MT103 WIRE TRANSFER.</span></div>
<div class="MsoNormalCxSpMiddle" style="margin-left: .5in; mso-add-space: auto; tab-stops: .5in; text-align: justify; text-indent: -.5in;">
<span style="color: black; font-family: "cambria" , "serif"; font-size: 12.0pt; line-height: 115%;">23.11 <span style="mso-tab-count: 1;"> </span>ALL ORIGINAL COPIES OF CARGO DOCUMENTS ARE
HANDED OVER TO BUYER AND HIS VESSEL SAILS TO HIS DESTINATION.</span></div>
<span style="color: black; font-family: "cambria" , "serif"; font-size: 12.0pt; line-height: 115%;">23.12<span style="mso-spacerun: yes;"> </span></span><span style="color: black; font-family: "arial" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">SHIPMENT AND DELIVERY IS EFFECTED TIMELY.</span><br />
<div class="separator" style="clear: both; text-align: center;">
<span style="color: black; font-family: "arial" , "sans-serif"; font-size: 12.0pt; line-height: 115%;"><a href="https://nigeriablco.com/" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="113" data-original-width="150" height="298" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhCFynItbukWYEUS0fFyyoanguZ0YX8e5J-rzTZPdWJwCwP-G8p_sGyMYMpeQuAlMR1o2Og_s-QzFMZR8aE7M11D_ypnQjUFQ9lA-0FcGmhAo_Fis99zfqUC4xcrnENhqvgQbHndVYA6bU/s400/nblco+crude-oil.png" width="400" /></a></span></div>
<span style="color: black; font-family: "arial" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">
</span><br /></div>
Goddy Onogwuhttp://www.blogger.com/profile/10440701924063601224noreply@blogger.comtag:blogger.com,1999:blog-8229932332829891812.post-45019923958540533002016-09-30T03:29:00.002+00:002016-09-30T03:43:10.209+00:00Two Million Barrels of Crude Oil direct from NNPC on Full CIF<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="font-size: large;">We have 2 million barrels of Crude Oil, Direct from the Nigerian
National Petroleum Corporation (NNPC</span><br />
<div class="MsoNormal">
<span style="font-size: large;">It is a CIF transaction. We will attach the ATS (Authority to
sell) for your independent verification before placing the SBLC. </span></div>
<div class="MsoNormal">
<span style="font-size: large;">This is our procedure for Cost, Insurance and Freight (CIF)
transaction. We can enter 12 Months Contract upon successful conclusion of this
Spot. Our Discount is $12 Gross $8 Net</span></div>
<div class="MsoNormal">
<span style="font-size: large;"><br /></span></div>
<div class="MsoNormal" style="text-align: center;">
<span style="font-size: large;"><b style="mso-bidi-font-weight: normal;">ARTICLE 19.</b></span></div>
<div class="MsoNormal">
<b><i><u><span style="font-size: large;">CIF PROCEDURE:</span></u></i></b></div>
<div class="MsoNormal">
<span style="font-size: large;">1. Seller issues Contract and ATS to Buyer.</span></div>
<div class="MsoNormal">
<span style="font-size: large;">2. Buyer and Seller sign/seal this contract Agreement and copies
sent to their respective banks, which is legal and enforceable.</span></div>
<div class="MsoNormal">
<span style="font-size: large;">3. Within 2-3 International Banking Days of having buyer signed
contract, Buyer’s bank shall send to seller’s bank a Swift MT-760 SBLC</span></div>
<div class="MsoNormal">
<span style="font-size: large;">As per APPENDIX A in favor of the seller covering the entire
monthly deliveries cost for the total contractual period of 12 months.</span></div>
<div class="MsoNormal">
<span style="font-size: large; mso-spacerun: yes;"> </span><span style="font-size: large;">4. Within 3-5 days of
confirming buyer Swift MT7-60 SBLC; the vessels of 2.000.000 Barrels, will be officially
assigned in Buyer’s name as the consignee of product by the officer in Marine and
shipping department of the Nigerian National Petroleum Corporation (NNPC) Bonny
Terminal. </span></div>
<div class="MsoNormal">
<span style="font-size: large;">(Proof of Product) with the complete full set of original shipping
documents in favor of the Buyer including:</span></div>
<div class="MsoNormal">
<span style="font-size: large;">a) Original and Three Copies of Commercial Invoice.</span></div>
<div class="MsoNormal">
<span style="font-size: large;">b) Full Set of Three Original and non-negotiable Copies of Bill
of Lading.</span></div>
<div class="MsoNormal">
<span style="font-size: large;">c) One <span style="mso-spacerun: yes;"> </span>Original and
Three Copies of Certificate of Quantity.</span></div>
<div class="MsoNormal">
<span style="font-size: large;">d) One <span style="mso-spacerun: yes;"> </span>Original and
Three Copies of Certificate of Quality.</span></div>
<div class="MsoNormal">
<span style="font-size: large;">e) One <span style="mso-spacerun: yes;"> </span>Original and
Three Copies of Certificate of Origin.</span></div>
<div class="MsoNormal">
<span style="font-size: large;">f) One <span style="mso-spacerun: yes;"> </span>Original and
Three Copies of Master’s Receipt of Samples</span></div>
<div class="MsoNormal">
<span style="font-size: large;">g) One <span style="mso-spacerun: yes;"> </span>Original and
Three Copies for Master’s Receipt of each One -copy document</span></div>
<div class="MsoNormal">
<span style="font-size: large;">h) One <span style="mso-spacerun: yes;"> </span>Original Ullage
Report issued at loading Terminal.</span></div>
<div class="MsoNormal">
<span style="font-size: large;">i) One Original and Three Copies of Cleanliness Report at loading
Port.</span></div>
<div class="MsoNormal">
<span style="font-size: large;">J.) One <span style="mso-spacerun: yes;"> </span>Original and
Three Copies of Customs clearance certificate</span></div>
<div class="MsoNormal">
<span style="font-size: large;">K.) Charter Party Agreement (CPA)</span></div>
<div class="MsoNormal">
<span style="font-size: large;">L.) One <span style="mso-spacerun: yes;"> </span>Original and
Three Copies Certificate of Ownership & Warranty of Title. </span></div>
<div class="MsoNormal">
<span style="font-size: large;">5.<span style="mso-spacerun: yes;"> </span>Seller notifies
Buyer with copies within (48 hours) following the Agreement upon confirmation
of complete loading, then Nigerian National Petroleum Corporation issues to the
buyer and Managers/owners of the chartered vessels formal written permission to
the buyer to speak with each loaded vessel captains.</span></div>
<div class="MsoNormal">
<span style="font-size: large;">6.<span style="mso-spacerun: yes;"> </span>Seller notifies Buyer
with the vessel particulars/crew-list (Q88) and location with Master’s official
written confirmation to the buyer.</span></div>
<div class="MsoNormal">
<span style="font-size: large;">7.<span style="mso-spacerun: yes;"> </span>Buyer confirms the
vessels with the owners/Managers and opens full communication with the each vessel
captain to confirm the cargo of 2,000,000 Barrels and captain issues Authority To
Board (ATB) to the Buyer, inviting buyer’s inspectors/agent on-board loaded vessels
to carry out the Q&Q inspection. Upon confirmation of Q&Q inspection, each
vessel captain shall issue Estimated Time of Arrival (ETA) and Notice of Readiness
(NOR) to buyer exit Refinery ports.</span></div>
<div class="MsoNormal">
<span style="font-size: large;">8.<span style="mso-spacerun: yes;"> </span>Buyer takes over the
cargo 2,000,000 Barrels with the Ownership and Warranty of Title, as the consignee
with full set of the shipping documents.</span></div>
<div class="MsoNormal">
<span style="font-size: large;">9. Payment is made to seller and intermediaries by Swift Wire
Transfer via Swift MT103 within 48 hrs through account details stated in this SPA
which is presented with the Commercial Invoice after Q&Q ascertained by buyer’s
inspection agents and discharge completed against Presentation of the original shipping
documents to the buyer.</span></div>
<div class="MsoNormal">
<span style="font-size: large; mso-spacerun: yes;"> </span><span style="font-size: large;">Dr Eze</span></div>
</div>
Goddy Onogwuhttp://www.blogger.com/profile/10440701924063601224noreply@blogger.comtag:blogger.com,1999:blog-8229932332829891812.post-4560769837915423582016-03-07T05:37:00.000+00:002016-03-07T05:37:43.746+00:00Bonny Light Crude Oil BLCO<div dir="ltr" style="text-align: left;" trbidi="on">
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<br />
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<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCMQMankbac_YnRbkETfdF87mp2dIJHcrdxqSfT8M1dWNExyhhAMiFeZwGAQvKlokmUv1TEAkNqCLj4rVk1vps3wQ1KzK5JobMwwC4C3kNkoNBu9tKPTf9knbEAsKZXwL9l4Z9TLh71kM/s1600/NIGERIABLCO+BARREL_1.png" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img alt="Nigeria BLCO Barrel" border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCMQMankbac_YnRbkETfdF87mp2dIJHcrdxqSfT8M1dWNExyhhAMiFeZwGAQvKlokmUv1TEAkNqCLj4rVk1vps3wQ1KzK5JobMwwC4C3kNkoNBu9tKPTf9knbEAsKZXwL9l4Z9TLh71kM/s200/NIGERIABLCO+BARREL_1.png" title="Bonny Light Crude Oil Barrel" width="118" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Nigeria BLCO</td></tr>
</tbody></table>
<span style="font-size: large;">Nigeria Bonny Light Crude Oil is a high grade of crude oil
with a very high API gravity (low specific gravity), produced in the Niger
Delta basin Southern Nigeria and named after the city of Bonny.</span></div>
<div class="MsoNormal" style="text-indent: .5in;">
<span style="font-size: large;">The extremely low sulfur content of
Bonny Light crude Oil makes it a very much-preferred grade because of its low corrosives to refinery infrastructure and the lower environmental impact of
its byproducts.</span></div>
<div class="MsoNormal" style="text-indent: .5in;">
<span style="font-size: large;">Other grades of Nigerian crude oil
are Brass River crude oil, Forcados crude oil, and Qua-Iboe Crude Oil. The
Bonny Light Crude Oil is in high demand especially by American and European
refineries.</span></div>
<div class="MsoNormal">
<span style="font-size: large;">Nigeria produces high value, light crude oils, low sulfur
content–Bonny Light, Bonny Medium, Odudu Blend, Antan Blend, Escravos Light, Brass
Blend, Forcados Blend, IMA, Ukpokiti , Pennington Light, and Qua-Iboe Light.</span></div>
<div class="MsoNormal">
<span style="font-size: large;"> Nigerian National Petroleum Corporation (NNPC) through its
subsidiary the Nigerian Petroleum Development Company (NPDC) is directly in
charge of four oil and gas fields with overall production of 15,000 barrels per
day (BPD).</span></div>
<div class="MsoNormal">
<span style="font-size: large;"> Petroleum production and export play a major role in
Nigeria’s financial system and account for almost 90% of her gross earnings.
This leading role has pushed farming, the traditional foundation of the
economy, from the fifties and sixties, to the background.</span></div>
<div class="MsoNormal">
<span style="font-size: large;"> In the late sixties and seventies, Nigeria attained a
production level of over 2 million barrels of crude oil a day BPD, Even though
production statistics dropped by the eighties because of economic crash. There
was a complete rejuvenation of oil production to a record level of 2.5 million
barrels per day in the year 2004. Current development strategies are geared
towards increasing production.</span></div>
</div>
Goddy Onogwuhttp://www.blogger.com/profile/10440701924063601224noreply@blogger.com