Bonny Light oil is a high review of Nigerian crude oil with high API gravity (low particular gravity), created in the Niger Delta district and named after the productive area around the city of Bonny.
Nigeria is an OPEC country, which sets a standard on what their members are allowed to produce and sell. OPEC believes this is what is keeping oil costs high. So as an OPEC producer Nigeria and their supplier report the official quantities of generation and deal to fit in with the benchmarks set by OPEC.
Nigeria is a commercial centre where real sellers are selling crude oil to resellers and refineries around the world. NNPC keeps a close eye on these activities which have offered Authority to Sell (ATS) Nigeria's excess production. The pool of oil of this region is known as the Bulk Equity account which is unallotted crude oil. Allocation holders are typically given a portion by procuring the buyers POF or bank instrument. So, most allotments are as of now sold before they are even given. A portion is a settled measure of oil issued for a settled time period that is given to an organization to offer. At the point when an allottee offers their distribution that is the degree of their supply but they cannot extend their allotment or get a new one without the NNPC approval.
We are satisfied to offer a high calibre of Bonny Light crude oil.
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