The Nigerian National Petroleum Company Limited (NNPC Ltd) has commenced the export of its new crude grade, Cawthorne, with an initial shipment of 950,000 barrels.
The company’s Chief Corporate Communications Officer, Andy Odeh, disclosed this in a statement
NNPC confirmed that the Cawthorne crude blend was loaded onto the MT Eburones vessel for export to the Netherlands and the global market. The shipment was carried out via the Cawthorne Floating Storage and Offloading (FSO) vessel located offshore Bonny, Rivers State.
“Cawthorne blend crude, the latest addition to Nigeria’s basket of crude grades, has an API gravity of 36.4, placing it firmly within the light, sweet category – comparable to Bonny Light, and highly valued in the global market for its superior petrol and diesel yields.”
“The Cawthorne blend crude was loaded on an MT Eburones vessel, headed to The Netherlands and the global market.”
According to the statement, the maiden 950,000 barrels cargo was exported via the Cawthorne Floating Storage and Offloading (FSO) vessel,” the statement said.
The company noted that the introduction of the crude grade strengthens Nigeria’s position in the global oil market and enhances export efficiency.
