GERMANY RECEIVES FIRST SHIPMENT OF NIGERIA’S NEW OBODO CRUDE BLEND
Nigeria has successfully exported the first cargo of its newly introduced Obodo crude oil blend to Germany, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
The pioneering shipment was produced and exported by Conoil Producing Limited under a production sharing contract with the Nigerian National Petroleum Company Limited.
Gbenga Komolafe, CEO of NUPRC, emphasized that the new blend reflects ongoing efforts to enhance innovation and maximize energy utilization to attract foreign investment.
The Obodo crude blend represents a strategic step toward diversifying Nigeria’s crude oil export portfolio, which includes established blends such as Forcados, Escravos, and Bonga.
Source: energycapitalpower.com