ADVERTISEMENT

Portugal, others buy Nigerian crude oil first time

Nigerian crude cargoes found their way to Portugal for the first time this year, crude export destination data released by the Nigerian National Petroleum Corporation (NNPC) showed.

ADVERTISEMENT

Around 948,000 barrels of Nigerian crude was exported to the Western European country in May 2017, the latest NNPC report also showed. 

The last time shipments of Nigerian crude oil called at Portuguese ports were in November last year and around 996,000 barrels crude was offloaded.

ADVERTISEMENT

The report also showed that West African neighbour Cameroon also bought 700,000 barrels of Nigerian crude grades for the first time that same month after halting Nigerian crude import five months earlier.

Similarly, Nigerian crude export to far East Asia for that month was boosted by the resumption of import by Malaysia, according to the data. 

The country bought 1.9 million barrels of Nigerian crude in January 2017 but didn’t order for it again until May when 948,000 barrels of Nigerian crude were shipped to the country.

Exports of Nigerian crude, described as light and sweet and hot cake in the market, has seen a resurgence in recent times following steady resumption in production after a respite in attacks by militants in Niger Delta where Nigeria’s oil is produced.


Share this article

BREAKTHROUGH NATURAL CURE FOR PROSTATE ISSUES IN JUST 15 DAYS!!! You Can Prevent PROSTATE CANCER!!!

Your PROSTATE ENLARGEMENT Is REVERSIBLE!!! Don't Let It Threaten You!

To SHRINK And NORMALIZE Your PROSTATE Within 15 Days Without Surgery Or Chemical Drugs, Click Here!!!

Join us on


Send DTM to 4900 (MTN) or DTM to 655 (Etisalat) for regular updates and more

Share your story with us: 08189301900 (Whatsapp and SMS only) Email: dtonline@dailytrust.com Or use this form

Complain about a story or Report an error and/or correction: +2348189301900

DISCLAIMER: Comments on this thread are that of the maker and they do not necessarily reflect the organizations stand or views on issues.