Net oil demands in China and India combined are projected to jump from 5.4 Million barrels per day in 2006 to 19.1 million barrels daily in 2030.This would enable them fuel there aggressive industrial growth.
In 2005 Global consumption of energy, was estimated at 30.3GB per year,with total production estimated at 29.09GB per year.
This gap is expected to futher widen and has drrive oil price to record heights.
Oil production has reached its full capacity in traditional shallow water areas,and a major problem identified is that production is in long term decline.
Industry dynamics favor continued demand growth for offshore support services, and E&P companies increasingly operate in harsher frontier regions that lack infrastructure for offshore support services.
These dynamics are expected to drive growth in west Africa where growth in deep water activities will be a long term catalyst.
Nigeria represents over 30% of Africa's total reserves.
On the supply side, while energy was up 15% between 2000 and 2005 in the Asia Pacific regions,reserves where down by 6%.
In 2007, the energy watch group project energy supply to 2025 and showed a growing oil gap where global oil production will be unable to meet global demand.
Nigeria is the largest producer of oil in Africa,and the sixth largest in the organization of petroleum exporting countries(OPEC).The country produces an average of 2.6 million barrels per day. Most of the crude oil come from numerous fields located in the swamps and waters of the Niger delta, and the product is exported through designated terminals and a number of floating production vessels.
US crude imports from Nigeria and Angola,the two leading Subsharan producers are already matching there imports from there closest oil exporting neighbors-Venezuela and Mexico.However it's oil imports from Africa topped suppliers from middle east in 2006 for the first time in 21 years.There is also a surging growth in energy demands for Asia.
Bonny Light crude oil is produced in Nigeria from Chevron and Shell concessions. Chevron’s exports are throughput and loaded from the Shell-operated Bonny Terminal, which can accommodate Very Large Crude Carrier (VLCC) loading. The typical cargo size is 950 thousand barrels; however, alternate cargo sizes can be arranged with advance planning. Typically, cargoes are sold with pricing based off Brent (Dated) quotes. Chevron-operated fields are contributing production of approximately 40 thousand barrels per day. Chevron has a 40% interest in the concession that produces crude oils that are routed to and commingled with Bonny Light crude oil.
Bonny Light oil is a high grade of Nigerian crude oil with high API gravity (low specific gravity), produced in the Niger Delta basin and named after the prolific region around the city of Bonny.
The very low sulfur content of Bonny Light crude makes it a highly desired grade for its low corrosiveness to refinery infrastructure and the lower environmental impact of its byproducts in refinery effluent.
Other grades of Nigerian crude oil are Qua Iboe crude oil, Brass River crude oil, and Forcados crude oil. The Cabinda crude oil is a common grade of crude oil produced in Angola. The Bonny Light is in high demand specifically by American and European refineries. It is therefore a major source of income generation from the oil rich nation.
Whole Crude Properties *
Property Measured Blended
Back
Gravity, API° 32.9
Gravity SG 0.86
Sulfur, wt% 0.16
Total Nitrogen, ppm 1170
Hydrogen, wt%
Acid Number, mg KOH/g 0.19 0.17
Pour Point, °F / °C 6.1 / -14.4 /
Charact. Factor (K-FACTOR) 11.68
Viscosity, cSt at 40°C (104°F) 4.99
Viscosity, cSt at 50°C (122°F) 4.05
Vanadium, ppm 0.42
Nickel, ppm 4.16
MCR, wt%
Ramsbottom Carbon, wt%
Asphaltenes, (H.C7) wt% 0.0032
Newkelson Agro Allied Industries has access to wide range of sellers
We seek long term contracts with Refineries or Oil refining and marketing Companies
The product is a government approved export commodity
We have OPEC and OFF OPEC allocation of bonny lite crude oil.
The OPEC allocation is verifiable and on London Loyds shell screen and
also verifiable from NNPC(NIGERIAN NATIONAL PETROLEUM CORPORATION) LONDON AND SHELL
The bulk approved quantity is (848,000,000 million barrels)
LIFTING BULK NNPC EUITY(481,777,750 MILLION BARRELS OF BONNY LITE CRUDE OIL)
We have off OPEC allocation also.The seller can supply 2 million barrels per month for 9 months.
We also export LPFO, D2,LPG,Jet Fuel,Gasolin,JP54
We seek credible buyers who can send us a bank endored proof of funds or payment by Letter of credit from reputable banks like CitiBank, HSBC, BARCLAYS
CALL US TODAY: TEL: 2347042803902
Email: newkelsonbuildingmaterials@live.com
In 2005 Global consumption of energy, was estimated at 30.3GB per year,with total production estimated at 29.09GB per year.
This gap is expected to futher widen and has drrive oil price to record heights.
Oil production has reached its full capacity in traditional shallow water areas,and a major problem identified is that production is in long term decline.
Industry dynamics favor continued demand growth for offshore support services, and E&P companies increasingly operate in harsher frontier regions that lack infrastructure for offshore support services.
These dynamics are expected to drive growth in west Africa where growth in deep water activities will be a long term catalyst.
Nigeria represents over 30% of Africa's total reserves.
On the supply side, while energy was up 15% between 2000 and 2005 in the Asia Pacific regions,reserves where down by 6%.
In 2007, the energy watch group project energy supply to 2025 and showed a growing oil gap where global oil production will be unable to meet global demand.
Nigeria is the largest producer of oil in Africa,and the sixth largest in the organization of petroleum exporting countries(OPEC).The country produces an average of 2.6 million barrels per day. Most of the crude oil come from numerous fields located in the swamps and waters of the Niger delta, and the product is exported through designated terminals and a number of floating production vessels.
US crude imports from Nigeria and Angola,the two leading Subsharan producers are already matching there imports from there closest oil exporting neighbors-Venezuela and Mexico.However it's oil imports from Africa topped suppliers from middle east in 2006 for the first time in 21 years.There is also a surging growth in energy demands for Asia.
Bonny Light crude oil is produced in Nigeria from Chevron and Shell concessions. Chevron’s exports are throughput and loaded from the Shell-operated Bonny Terminal, which can accommodate Very Large Crude Carrier (VLCC) loading. The typical cargo size is 950 thousand barrels; however, alternate cargo sizes can be arranged with advance planning. Typically, cargoes are sold with pricing based off Brent (Dated) quotes. Chevron-operated fields are contributing production of approximately 40 thousand barrels per day. Chevron has a 40% interest in the concession that produces crude oils that are routed to and commingled with Bonny Light crude oil.
Bonny Light oil is a high grade of Nigerian crude oil with high API gravity (low specific gravity), produced in the Niger Delta basin and named after the prolific region around the city of Bonny.
The very low sulfur content of Bonny Light crude makes it a highly desired grade for its low corrosiveness to refinery infrastructure and the lower environmental impact of its byproducts in refinery effluent.
Other grades of Nigerian crude oil are Qua Iboe crude oil, Brass River crude oil, and Forcados crude oil. The Cabinda crude oil is a common grade of crude oil produced in Angola. The Bonny Light is in high demand specifically by American and European refineries. It is therefore a major source of income generation from the oil rich nation.
Whole Crude Properties *
Property Measured Blended
Back
Gravity, API° 32.9
Gravity SG 0.86
Sulfur, wt% 0.16
Total Nitrogen, ppm 1170
Hydrogen, wt%
Acid Number, mg KOH/g 0.19 0.17
Pour Point, °F / °C 6.1 / -14.4 /
Charact. Factor (K-FACTOR) 11.68
Viscosity, cSt at 40°C (104°F) 4.99
Viscosity, cSt at 50°C (122°F) 4.05
Vanadium, ppm 0.42
Nickel, ppm 4.16
MCR, wt%
Ramsbottom Carbon, wt%
Asphaltenes, (H.C7) wt% 0.0032
Newkelson Agro Allied Industries has access to wide range of sellers
We seek long term contracts with Refineries or Oil refining and marketing Companies
The product is a government approved export commodity
We have OPEC and OFF OPEC allocation of bonny lite crude oil.
The OPEC allocation is verifiable and on London Loyds shell screen and
also verifiable from NNPC(NIGERIAN NATIONAL PETROLEUM CORPORATION) LONDON AND SHELL
The bulk approved quantity is (848,000,000 million barrels)
LIFTING BULK NNPC EUITY(481,777,750 MILLION BARRELS OF BONNY LITE CRUDE OIL)
We have off OPEC allocation also.The seller can supply 2 million barrels per month for 9 months.
We also export LPFO, D2,LPG,Jet Fuel,Gasolin,JP54
We seek credible buyers who can send us a bank endored proof of funds or payment by Letter of credit from reputable banks like CitiBank, HSBC, BARCLAYS
CALL US TODAY: TEL: 2347042803902
Email: newkelsonbuildingmaterials@live.com
