NNPC to Export New Light Crude Grade Cawthorne Starting March 2026

NNPC to Export New Light Crude Grade Cawthorne Starting March 2026

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247GistMan in Business & Making Money • February 24, 2026, 5:40 pm

NNPC begins exporting new light crude grade Cawthorne from March 2026, boosting Nigeria's production capacity. The 36.4 API gravity crude, similar to Bonny Light, will be shipped via FSO Cawthorne vessel (2.2M barrels capacity). This follows Utapate launch in 2024 and Obodo in 2025, expanding Nigeria's export portfolio. Analysts estimate output could rise from 1.65M to 1.7M bpd. The move supports OPEC+ compliance and strengthens government revenue. Will this new grade attract buyers seeking specific light, sweet crude qualities?

SOURCE: https://nairametrics.com/2026/02/24/nnpc-to-begin-export-of-new-crude-grade-cawthorne-in-march/

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