Tag Archives: crude
NNPC unveils new crude oil grade from OML 13
Top Stories Tamfitronics By Son IbiyemiThe Nigerian National Petroleum Company Limited (NNPC Ltd) has introduced Utapate crude oil blend, a new crude oil grade into the international market.According to chief corporate communications officer, NNPC Ltd, Olufemi Soneye, the first cargo of 950,000 barrels of the Utapate crude oil blend was moved to Spain in July from Oil Mining Lease (OML) 13, operated by NNPC Exploration and Production Limited.He put Utapates current crude oil production at 28,000 barrels per day, with the potential to increase to 50,000 barrels per day. He said the sulphur content of the new crude was 0.0655 percent.Spanish oil giant Repsol won the tender for the initial cargo of 950,000 barrels of the new crude blend which is comparable to the much sought-after Amenam crude.Gulf Transport and Trading, another leading crude oil...
