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Nigeria Discovers New Crude Oil Blend, Exports Commodity to Europe, Dangote to Import 122m Barrels
Mar 28, 2025
The Nigerian National Petroleum Company Limited is set to export Nigeria’s newest crude oil grade to Europe
The Sweet Obodo blend will reportedly hit the European market in April where Nigeria sells most of its crude
Reports say the sweet Obodo blend will be produced by Nigerian Independent Continental Oil and Gas will produce Obodo from the onshore oil block OML 150
Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.
Nigeria’s newest crude oil blend, the medium-sweet Obodo grade, will hit the market in April.
The new blend has a gravity of 27.65 API and a sulphur content of 0.05pc, Argus Media reports.
Nigeria’s newest crude blend to hit the market
Sources say the new grade may be priced alongside the Nigerian medium sweet Bonga blend.
According to the report, Nigerian Independent Continental Oil and Gas will produce Obodo from onshore oil block OML 150 in the Niger Delta area, while the Nigerian National Petroleum Company Limited (NNPC) will market the commodity.
The newest Nigerian crude will add to the growing list of medium-sweet grades.
The state oil firm restarted the production of a similar Utapate blend last year after it was launched in Nembe in 2023.
Nigeria's medium-sweet blends, such as Forcados, Escravos, and Bonga, have been accepted in Europe, the largest market for Nigerian crude.
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