The crude oil of Nigeria is split into two courses. They’re candy and lightweight petroleum. It’s principally low in sulphur. Beneath OPEC, Nigeria is the most important producer of sunshine crude oil. The sunshine oil of this West African nation is alike in composition to the petroleum drilled from the North Sea. It’s normally known as bonny gentle. Yow will discover different grades of Nigerian black gold like Brass River, Qua Iboe, Escravos mix, Pennington Anfan and so on. It’s recognized based mostly on their export depot.
ibe kachikwu largest nation that imports Nigerian petroleum is the mighty United State of America. Out of the 100% of oil which the US imports yearly, Nigeria provides about 10% of the entire US oil imports. This makes up 40% of Nigeria oil exports. It’s the fifth largest market of oil imports for the good United States of America.
Yow will discover as much as 6 petroleum export depots in Nigeria. They’re primarily owned by multinational oil corporations. The key oil corporations in Nigeria are Chevron, Shell, Mobil, Texaco, Agip and so on. BP is but to find the potentials of Nigeria’s crude oil. It’s believed that shell has two oil terminals whereas the remaining 4 is owned by Chevron, Mobil and Texaco respectively. The forcados depot is owned by Shell. It has the capability of amassing about 13 million barrels in addition to the shut by Bonny depot. Mobil controls the Qua Iboe depot situated in Awka Ibom state Nigeria. Chevron operates the Escravos terminal located at Delta State. It’s able to storing as much as 36 million barrels. Agip runs the brass depot situated in Rivers state. It has a storage capability of as much as three million barrels. Lastly, Texaco runs the Pennington depot. Its storage capability is just not recognized.