Nigeria launches new Utapate crude oil blend, targeting 80,000 barrels daily by 2025.

Nigeria's state oil company, NNPC Ltd, has launched the Utapate crude oil blend, a high-quality, low-sulfur product, on the global market. Since starting production in May 2024, the field in Akwa Ibom State has reached 40,000 barrels per day and aims to increase to 80,000 barrels by the end of 2025. The oil has been positively received by buyers in Spain and the US, with plans for further expansion.

November 20, 2024
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