Bonny Light Crude Oil trading
With an average of 2.5 million barrels per day and a maximum of about 4 million barrels per day crude oil production capacity, Nigeria ranks as Africa's largest producer of oil and the sixth largest oil producing country in the world.
Nigeria produces only high value, low sulphur content, light crude oils - Bonny Light, Brass Blend, Escravos Light, Forcados Blend, Qua-Iboe Light. Others include Antan Blend, Bonny Medium, IMA, Odudu Blend, Pennington Light, Ukpokiti.
OPEC and off-OPEC
Since 1971, Nigeria has been an active member of The Organization of Petroleum Exporting Countries (0PEC). OPEC as a body gives quotas for the quantities crude oil to be sold by its members. As a result, Nigeria only gets to sale a fraction of its production through OPEC.
That brings about the necessity to provide sales through the off-OPEC channels which is where our professionalism of the oil sector consultancy comes into full effect and advantage to all the credible and genuine buyers out there.
procedures and modes of Transaction
Closing an oil deal can be confusing and complicated. Because of this, we have learnt to analyze our clients, both buyers and sellers. These analysis enables us to choose the best seller/supplier for a specific buyer according to his/her needs.
This helps ensure that the best transaction model that suits the two parties is adopted with which they can work with to have a long term business relationship considering that first smooth transaction will encourage subsequent ones.
We offer TTT, TTO, and CIF procedures from our numerous sellers/suppliers in order to meet our buyers' needs.