of 0.05%.
The Nigerian National Petroleum Company Limited (NNPC) is overseeing the marketing and export of the new blend, which is primarily targeted at the European market. European refineries, particularly those coming back online after seasonal maintenance, are expected to benefit from Obodo’s low sulphur content and favorable refining qualities.
Obodo joins a growing list of new Nigerian crude grades introduced in recent years, including Nembe (2023) and Utapate (2024), as the country seeks to strengthen its presence in the global oil market. The introduction of these new blends reflects Nigeria’s strategic push to diversify its crude exports and capitalize on rising oil prices.
As global demand continues to grow, the debut of Obodo positions Nigeria to boost revenue and attract greater interest from international buyers, especially in regions prioritizing cleaner-burning fuels.
About the Author
Discover more from VOICE OF THE PEOPLE
Subscribe to get the latest posts sent to your email.
