Business

NNPC Set to Launch Export of New Crude Grade, Cawthorne, in March

 

The Nigerian National Petroleum Company (NNPC) Limited is set to begin the export of a new light, sweet crude oil grade, Cawthorne, by the end of March.

NNPC’s spokesperson, Andy Odeh, confirmed the development to Vanguard on Tuesday, noting that the crude is aimed at boosting Nigeria’s oil production and export profile.

Reports indicate that Cawthorne has an API gravity of 36.4, placing it in the same quality range as Bonny Light, Nigeria’s premium crude, widely known for its high gasoline and diesel yields.

NNPC issued a tender last week for shipments scheduled between March 24 and 25. Analysts at Kpler have disclosed that the crude will be exported through a floating storage and offloading (FSO) vessel named Cawthorne, with a storage capacity of 2.2 million barrels per day (bpd).

According to Kpler, the new crude could increase Nigeria’s crude and condensate output from 1.65 million bpd to approximately 1.7 million bpd for the remainder of 2026.

This follows the launch of other local crude grades in recent years, including Obodo in 2025 and Utapate in 2024. Nigeria’s oil output rose to 1.45 million bpd in January 2026, up from 1.42 million bpd in December 2025.

Earlier in February, Heineken Lokpobiri, Minister of State for Petroleum Resources, stated that Nigeria’s total oil output, including condensates, stood at 1.75 million bpd.

The introduction of Cawthorne is expected to further strengthen Nigeria’s position in the global crude market and expand the country’s export capacity.

Olayinka Babatunde

Recent Posts

Eight rescued Benue kidnap victims confirmed as UTME candidates

Eight victims rescued from last Wednesday’s abduction of a Benue Links bus have been confirmed…

1 hour ago

Iran says final deal ‘far off’ as Strait of Hormuz remains closed

Iran has said a final peace agreement with the United States remains distant, as the…

1 hour ago

Imo LGA vice chairman suspended over alleged armed robbery

The Vice Chairman of Ezinihitte Mbaise Local Government Area of Imo State, Prince Mathew Igbokwe,…

1 hour ago

Amnesty faults NBC directive, warns against media clampdown

Amnesty International has criticised a recent directive issued by the National Broadcasting Commission (NBC), describing…

1 hour ago

TCN declares force majeure as storm damages Lagos–Osun power line

The Transmission Company of Nigeria (TCN) has declared a force majeure on the Ikeja West–Osogbo…

2 hours ago

Kano gov welcomes Shekarau to APC, cites boost for party strength

Kano State Governor, Abba Yusuf, has welcomed the return of former governor and senator, Ibrahim…

2 hours ago