Close Menu

    Subscribe to Updates

    Get the latest news as they happen

    What's Hot

    INSECURITY: Zamfara State Adopts Colombia’s Strategic Model to Tackle Insurgency and Banditry

    February 25, 2026

    Wife of President, Remi Tinubu Inaugurates Menstrual Hygiene Initiative

    February 25, 2026

    Dangote signs agreement to distribute 65m litres petrol daily

    February 25, 2026
    Facebook X (Twitter) Instagram
    Megastar Magazine
    • Politics

      Elections are not conducted on social media” – Tinubu advises oppsition to Prioritise Grassroots Politics over Social Media Campaigns

      February 25, 2026

      Nigeria Democratic Congress Obtains INEC Certificate

      February 24, 2026

      APC Dominates FCT Polls as President Tinubu Commends Wike’s Role in “Political Dividends”

      February 23, 2026

      APC celebrates winners of Rivers constituency bye-elections

      February 23, 2026

      PDP Heads to Court as EFCC Arrests 20 Over Vote-Buying Allegations

      February 23, 2026
    • Entertainment
      1. People
      2. Events
      3. Fashion
      Featured
      Entertainment February 25, 2026

      Plateau Assembly Speaker Seeks Film Industry Partnership to Boost Development and Image

      Recent

      Plateau Assembly Speaker Seeks Film Industry Partnership to Boost Development and Image

      February 25, 2026

      In five years, Nigeria’s music streaming grew by 163.5% — Spotify

      February 23, 2026

      One Battle After Another’ Dominates 2026 BAFTAs with Major Wins

      February 23, 2026
    • Business

      TGI, Reliance Seal Landmark Consumer Goods Joint Venture to Disrupt Nigerian Market

      February 22, 2026

      FG, SMEDAN present fund to finance over 6000 youth entrepreneurs

      February 18, 2026

      Jim Ovia not connected to fake investment scheme — Zenith Bank

      February 18, 2026

      Polaris Bank Introduces Global Gift Card Feature On VULTe

      February 17, 2026

      Dangote Fast Tracks Refinery Expansion By Signing $400 Million Equipment Deal 

      February 17, 2026
    • Health

      NAFDAC Seizes ₦3 Billion Worth of Fake Medicines in Lagos Crackdown

      February 25, 2026

      Ogun Engages 500 Residents for Lead Poisoning Test in Health Audit

      February 23, 2026

      NCAT Considers Gusau International Airport as Strategic Training Hub Following Infrastructure Assessment

      February 21, 2026

      Lagos To Eliminate Malaria, Tuberculosis, Deepen Technological Push

      February 19, 2026

      Surge in Demand for Natural Functional Foods Pushes FMCGs to Rethink Formulations

      February 18, 2026
    • Culture

      Lagos Fanti Carnival holds in April

      February 18, 2026

      Tinubu Hails Northwest Stability at Argungu as Dozens Feared Dead in Niger State Bandit Attacks

      February 15, 2026

      Obasanjo Calls for Urgent Preservation of Egba Heritage Ahead of 2026 Lisabi Festival

      February 11, 2026

      Argungu Fishing Festival Opens in Kebbi, Celebrating Centuries-Old Tradition

      February 11, 2026

      Nigeria Advances Talks on Return of Benin Bronzes as Lagos Museum Prepares New Exhibition Wing

      February 6, 2026
    • Lifestyle

      Nigeria’s Youth Embrace ‘Slowmaxxing’ to Combat Digital Burnout

      February 18, 2026

      MasterChef Nigeria Debuts with Record ₦73 Million Grand Prize

      February 16, 2026

      Rite Foods Tasks Nigerians On Love At Valentine’s Day

      February 14, 2026

      WEMA Bank Set To Sponsor Celebrity Performance At Couple’s Wedding

      February 14, 2026

      Agunbiade Wins Double Honours at 2026 Coolwealth Awards

      February 12, 2026
    • Sports

      Mexican president assures of safety for World Cup fans after cartel violence

      February 25, 2026

      Eze matches Henry and Van Persie’s derby feat as Arsenal rout Tottenham

      February 23, 2026

      Iwobi scores, assists as Fulham claims 3-1 victory over Sunderland

      February 22, 2026

      CAF Champions League: VAR Confirmed for Quarter-final Stage 

      February 21, 2026

      AFCON 2025: For Hooliganism, Moroccan Court Jails 18 Senegalese Fans, A French National

      February 20, 2026
    • Contact
    YouTube Facebook Instagram WhatsApp
    Megastar Magazine
    Home » NNPC to commence export of new crude grade in March – Report
    Oil & Gas

    NNPC to commence export of new crude grade in March – Report

    Ifetayo AdeniyiBy Ifetayo AdeniyiFebruary 25, 20263 Mins Read
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email Telegram
    Share
    Facebook Twitter WhatsApp Telegram Email

    File photo: NNPC Limited

    Nigeria is set to start exporting a new light, sweet crude grade known as Cawthorne in March as part of efforts to boost oil production and consolidate the recent recovery in output, the Nigerian National Petroleum Company Limited has disclosed.

    The development, which was confirmed by a spokesperson of the Nigerian National Petroleum Company Limited to Reuters on Tuesday, is expected to strengthen the country’s position within the Organisation of the Petroleum Exporting Countries as it seeks a higher production target amid improving output levels.

    According to the report, the launch of the new grade is part of Nigeria’s broader push to lift production, which has been constrained for years by crude oil theft, pipeline vandalism, and security challenges in the Niger Delta. A source familiar with the development said the first export cargo is expected in the third week of March.

    Cawthorne crude, which has an API gravity of 36.4, is similar in quality to Nigeria’s flagship Bonny Light, a grade widely valued by refiners for its high yields of gasoline and diesel. The report disclosed that NNPC issued a tender last week for the new grade for loading between March 24 and 25.

    Analysts at energy intelligence firm Kpler noted that the crude is expected to be exported through the Floating Storage and Offloading vessel Cawthorne, which has a storage capacity of about 2.2 million barrels.

    The facility is designed to enhance crude transportation and production from Oil Mining Lease 18 and surrounding assets in the eastern Niger Delta.

    The introduction of the grade could increase Nigeria’s crude and condensate supply from about 1.65 million barrels per day to roughly 1.7 million barrels per day for the rest of the year, depending on operational stability and market demand.

    Nigeria’s crude production quota under the OPEC+ framework currently stands at 1.5 million barrels per day. Data from the cartel showed that the country produced about 1.48 million barrels per day in January.

    The country has, in recent months, ramped up security efforts across oil infrastructure and pipelines, leading to improved output and reduced losses from theft. Cawthorne is the third new crude grade introduced by Nigeria in recent years as the government and industry players work to diversify export streams and attract more buyers.

    Other new grades launched include Obodo in 2025 and Utapate in 2024. Experts say the introduction of additional crude streams helps Nigeria target different market segments, improve pricing flexibility, and strengthen resilience in global oil trade.

    Nigeria, Africa’s largest oil producer, is intensifying reforms in the oil and gas sector under President Bola Tinubu, with a focus on improving production, increasing investment, and boosting government revenue.

    The country’s oil output had declined in recent years due to operational disruptions and divestments by international oil companies. However, recent improvements in pipeline security and upstream activity are gradually restoring production levels.

    A sustained growth in output and the introduction of new crude grades could enhance Nigeria’s earnings at a time when global oil prices remain volatile but supportive of energy-exporting economies.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Previous ArticleNLNG Opens Entries for 2026 Nigeria Prize for Literature Focused on Poetry
    Next Article Dangote signs agreement to distribute 65m litres petrol daily
    Ifetayo Adeniyi
    • Website

    Adeniyi Ifetayo Moses is an Entrepreneur, Award winning Celebrity journalist, Luxury and Lifestyle Reporter with Ben tv London and Publisher, Megastar Magazine. He has carved a niche for himself with over 15 years of experience in celebrity Journalism and Media PR.

    Related Posts

    Oil & Gas February 25, 2026

    Dangote signs agreement to distribute 65m litres petrol daily

    Oil & Gas February 25, 2026

    NNPC to Launch Export of New ‘Cawthorne’ Light Crude Grade in March

    Oil & Gas February 23, 2026

    Ordinary Nigerians  Will Buy Dangote Refinery’s Shares in 4 to 5 Months’ Time

    Oil & Gas February 23, 2026

    Dangote Refinery And NNPC Secure Nigeria’s Energy Future, Forge Strategic Alliance

    Oil & Gas February 21, 2026

    NNPC, Dangote Group Seal Strategic Alliance to Boost Nigeria’s Energy Security

    Oil & Gas February 18, 2026

    Dangote Signs $400 Million Equipment Deal to Boost Refinery Capacity to 1.4 Million Barrels Per Day

    Leave A Reply Cancel Reply

    Don't Miss
    News February 25, 2026

    INSECURITY: Zamfara State Adopts Colombia’s Strategic Model to Tackle Insurgency and Banditry

    In a significant move to address rampant terrorism, insurgency, and banditry, the Zamfara State Government…

    Wife of President, Remi Tinubu Inaugurates Menstrual Hygiene Initiative

    February 25, 2026

    Dangote signs agreement to distribute 65m litres petrol daily

    February 25, 2026

    NNPC to commence export of new crude grade in March – Report

    February 25, 2026

    Subscribe to Updates

    Get the latest news as they happen

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    Our Picks

    A Better Society Is Possible

    December 2, 2021

    AMPMAN congratulates Anambra Governor-Elect, Prof Charles Soludo

    November 14, 2021

    Seasons Greetings!

    December 25, 2021
    New Comments
    • Anozie okolo on Supreme Court Affirms President Tinubu’s Victory As Atiku, Peter Obi Lose
    • Mc richman on Nigeria and South African Music histories
    • Moses Ibrahim on Olu of Warri: Pictorial @ The Ogiame Atuwatse III Economic Summit.
    • Sen Rich Kay on MALARIA ERADICATION: Prince Ned Nwoko & NMEP Meet for joint action.
    Megastar Magazine
    YouTube Facebook WhatsApp Instagram
    • Privacy Policy
    • Terms of Use
    • Contact Us
    © 2026 Megastar Magazine. Designed by MANNDI

    Type above and press Enter to search. Press Esc to cancel.