This crude oil is produced in Nigeria the API gravity for Bonny Light is 35-37 degrees and the sulfur content is 0.14%. The current bbl/mt conversion factor for Bonny Light crude oil is 7.526 and typical output is around 540,000 barrels per day.
Bonny light crude oil remains popular because of its sulfur content properties. Since the history of oil discovery, Bonny Light Crude oil features as the crude product with the lowest sulfur content in the oil industry. In this regard, low sulfur content makes refinery procedures easy and economical. In technical application of finished petroleum, sulfur tends to poison anti-knock additives in engine fuels. This means that low sulfur results in ineffective poisoning of the anti-knock agents; hence efficient burning of fuels in combustion engines. In addition, easy processing reduces emission of poisonous affluent to the earth’s environment. With respect to environmental concerns, reduced emissions of pollutants contribute towards mitigation of global warming effects. All these positive qualities are the reasons for popularity of this light oil in subject. Presently, Bonny Light crude oil remains the most environmentally suitable type of crude oil for obtaining gasoline and heating gas.
In the exploitation of oil there is always a joint venture between foreign countries (Shell-BP, Chevron, Mobil, etc.) and the N.N.P.C.
Sometimes the investment risk is: 50% – 50% or 60% – 40%, and sometimes even 70% – 30%. Then once the crude oil is retrieved it is split among the two according to the percentage they added in.
The foreign companies before they retrieve the crude oil have already sold it to their network, and in order to get in, there is a 12 month waiting list.
The N.N.P.C. gives through allocation to VIP’s in Nigeria such as political leaders, military leaders, famous law firms, and to religious leaders to exploit, (people with connections and a high status). Our circle is the religious one.
Since August 15th 2011 we Represent Nigerian Bonny Light crude oil for OFF OPEC quotas.
TRUE DOMINION ENTERPRISES LIMITED Was established under the laws of Nigeria, first registered in February 2007 and operated as an oil and gas , consultancy and supply firm, and in 2013 became a limited liability company with registration number RC1161324 registered address at: Port Harcourt, Rivers State, Nigeria.
ALEXANDER IKHALO – CEO, on SPA contract referred to as the “SELLER”.
On the list of countries by proven oil reserves based on the world fact book as of 2010-07-05, Nigeria is number 10 with a reserve of 36.220.000.000 (bbl).
On the top ten oil exporting countries, Nigeria comes in 8th place with 2.19 million Barrels per day.
Nigeria is also the 5th major supplier of crude oil in the U.S.
Nigeria is also the 8th member of OPEC out of 12.
|SPECIFIC GRAVITY (API)||35.2-37.5|
|DENSITY AT 20 DEGREES (CG.CM MAX.)||0.85|
|BASIC SALT WATER (BSW)||0.6% VOL.|
|SALINITY||PTB. @O.10% BS & W47 MAX.|
|WATER AND SEDIMENT CONTENT (% MAX.)||1.00|
|IRON WT. PPM.||1.00|
|VANADIUM WT. PPM.||0.4|
|NICKEL WT. PPM||4.00|
|WATER CONTENT||0.2% VOL.|
|POUR POINT 0F||-/+60|
|SULPHUR CONTENT , % wt||0.12-0.15|
Our proposal to you our Potential Buyer today is this:
We at Crossroad invite you to start to trade with us, a SPOT trial run, and become a member of our crude oil trading network.
Dear Potential Buyer;
The NNPC requires seeing your capability and commitment, before loading vessel in your name.
The NNPC does not have mandates, and does not move first or place anything upfront.
The NNPC only works direct ON OPEC quotas and only on FOB basis. If you are a refinery that wants to go direct, that makes 300-600 million USD a year and want to register with a $5.000.000,00 registration fee and get a number and wait in line, sometimes for 12 months.
We would be honored to set up a meeting for you with NNPC.
. … OR… Go with us OFF OPEC quotas!
No registration fees, No upfront fees, No waiting in line, delivery in 30 days or less after buyer shows Proof Of Funds to NNPC’s appointed Fiduciary agent for OFF OPEC quotas.
For our corporate official offer please send official request via crossroad web page contact details.
Only Buyers requests will be responded to.