PUTIN WOOS AFRICAN LEADERS AT SHOWCASE SUMMIT, SAYS RUSSIA IS BETTER PARTNER THAN 'COLONIAL' WEST. (PHOTO).

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 Putin woos African leaders at showcase summit, says Russia is better partner than 'colonial' West President Vladimir Putin told African leaders ​on Wednesday that Russia was their best partner, accusing what he cast as a colonial West of still trying ‌to exploit the continent's resources and using debt to hold back development, Reuters reported. The Kremlin chief was speaking at the third Russia-Africa Summit in Moscow, a two-day event attended by African leaders and government delegations from 48 countries, during which he will hold one-on-one talks with many of the 22 individual African leaders ​attending on everything from trade to security, arms deals and grain supplies. "Africa is increasingly asserting itself as one of the key players in the global economy and politics. However, the emergence of a multipolar world is, of ​course, no easy task; it faces resistance from countries that are not prepared to accept this reality: those who are accustomed to ​thinking i...
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NNPC LTD LAUNCHES NEW CAWTHORNE BLEND CRUDE INTO GLOBAL MARKET; FIRST EXPORT CARGO HEADS TO THE NETHERLANDS. (PHOTO)

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 NNPC Ltd Launches  New Cawthorne Blend Crude Into Global Market; First Export Cargo Heads To The Netherlands


The Nigerian National Petroleum Company (NNPC) Limited,  says it has commenced export of its new crude grade – Cawthorne, a significant milestone in the Company’s drive to increase Nigeria’s crude oil production and expand its portfolio of globally competitive export streams. 


A Statement By Andy Odeh Chief Corporate Communications Officer Reveals 

Cawthorne blend crude, the latest addition to Nigeria’s basket of crude grades, has an API gravity of 36.4, placing it firmly within the light, sweet category – comparable to Bonny Light, and highly valued in the global market for its superior petrol and diesel yields.

NNPC Ltd confirms that the Cawthorne blend crude, which was loaded on an MT Eburones vessel, headed to The Netherlands, and unto the global market.

The maiden 950,000 barrels cargo was exported via the Cawthorne Floating Storage and Offloading (FSO) vessel.Strategically located offshore Bonny, Rivers State, the Floating Storage and Offloading (FSO) enhances crude evacuation from OML 18 and strengthens Nigeria’s export reliability, operational efficiency, and overall energy security. 

The introduction of Cawthorne to the international market underscores NNPC Ltd’s deliberate strategy to unlock value from its asset base, deepen market competitiveness, and support the Presidential mandate of scaling crude oil production to three million barrels per day and gas output to 12 billion cubic feet per day by 2030. 

Group Chief Executive Officer of NNPC Ltd, Bashir Bayo Ojulari, commended President Bola Ahmed Tinubu’s policy direction and sector reforms and the tremendous collaboration shown by OML 18 partners, the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) and other stakeholders towards achieving the milestone.

NNPC Limited Ojulari Said will continue to leverage innovation, strategic partnerships, and operational discipline to unlock the full value of Nigeria’s hydrocarbon resources while ensuring Nigeria’s long-term energy security and economic growth.

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