Nigeria has launched a new low-sulfur crude oil grade which it plans to sell primarily on the European market.
NNPC Ltd, Nigeria’s state-controlled oil company, has launched a new low-sulfur crude grade, called Nembe, which it plans to sell primarily on the European market, an NNPC executive told Reuters on Tuesday. The Nembe crude grade is similar to other very popular blends of Africa’s largest oil producer, such as Forcados, Egina, and Bonga, the executive director of crude and condensate at NNPC Trading, Maryamu Idris, told the Argus European Crude Conference in London.
agreement. The combination of pipeline vandalism and oil theft with a lack of investment in capacity has made Nigeria the biggest laggard in crude oil production in the
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