Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Stock Market Shrinks Below N149trn over 3-Day Losses

    June 27, 2026

    Ripple XRP Climbs on EU Market Optimism, Institutional Appetite

    June 27, 2026

    Federal Govt. Needs N4.55bn to Fill PHC Vacancies- Official

    June 27, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Stock Market Shrinks Below N149trn over 3-Day Losses
    • Ripple XRP Climbs on EU Market Optimism, Institutional Appetite
    • Federal Govt. Needs N4.55bn to Fill PHC Vacancies- Official
    • Oil Prices Lower as Saudi Arabia, Iran Ramp Up Exports
    • Dogecoin Price Rises as SpaceX Inches to Join Nasdaq 100
    • GCR Upgrades FCMB Ratings to A/AI, Outlook Stable
    • Burkina Faso Gets Additional Loan Approval from IMF
    • SMEDAN Launches N500m Zero-Interest Grow Fund for MSMEs
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Sunday, June 28
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » NNPC Launches Cawthorne, Exports First Cargo to Netherlands

    NNPC Launches Cawthorne, Exports First Cargo to Netherlands

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiApril 8, 2026Updated:April 8, 2026 News No Comments3 Mins Read
    NNPC Launches Cawthorne, Exports First Cargo to Netherlands
    Bayo Ojulari, NNPCL CEO
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    NNPC Launches Cawthorne, Exports First Cargo to Netherlands

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

    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 on Sunday, 5th April, 2026, the Cawthorne blend crude, which was loaded on an MT Eburones vessel, headed to the Netherlands, and into 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 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 to scale crude oil production to 3 million barrels per day and gas output to 12 billion cubic feet per day by 2030.

    The launch of the Cawthorne grade builds on recent additions such as Nembe and Utapate, reflecting NNPC Ltd’s sustained, structured approach to optimise production, expand market offerings, and reinforce Nigeria’s position in the global crude oil market.

    Commenting on the development, the Group Chief Executive Officer of NNPC Ltd, Engr. 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.

    Stressing that NNPC Ltd is focused on deepening partnerships, strengthening operational discipline and deploying innovative solutions to ensure sustainable growth and energy security for the nation, Ojulari also reaffirmed the Company’s commitment to disciplined execution and value delivery.

    “This milestone reflects the direction we have set for NNPC Limited—one anchored on execution, partnership, and value creation. We are moving decisively from resource potential to resource monetisation, ensuring that every asset delivers measurable commercial outcomes.

    The successful export of the Cawthorne crude grade is not an isolated achievement; it is part of a broader, deliberate strategy to grow production, deepen market relevance, and strengthen Nigeria’s position as a reliable global energy supplier.

    “We remain firmly focused on delivering sustainable growth in line with national objectives and global market expectations,” he added.

    NNPC Limited 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. NPA Expects 41 Ships at Lagos Ports

    NNPC
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Ogochukwu Ndubuisi
    • Website
    • Facebook
    • X (Twitter)
    • LinkedIn

    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

    Keep Reading

    Stock Market Shrinks Below N149trn over 3-Day Losses

    Ripple XRP Climbs on EU Market Optimism, Institutional Appetite

    Federal Govt. Needs N4.55bn to Fill PHC Vacancies- Official

    Oil Prices Lower as Saudi Arabia, Iran Ramp Up Exports

    Dogecoin Price Rises as SpaceX Inches to Join Nasdaq 100

    GCR Upgrades FCMB Ratings to A/AI, Outlook Stable

    Add A Comment

    Comments are closed.

    Editors Picks

    Stock Market Shrinks Below N149trn over 3-Day Losses

    June 27, 2026

    Ripple XRP Climbs on EU Market Optimism, Institutional Appetite

    June 27, 2026

    Federal Govt. Needs N4.55bn to Fill PHC Vacancies- Official

    June 27, 2026

    Oil Prices Lower as Saudi Arabia, Iran Ramp Up Exports

    June 27, 2026

    Dogecoin Price Rises as SpaceX Inches to Join Nasdaq 100

    June 27, 2026
    Latest Posts

    Stock Market Shrinks Below N149trn over 3-Day Losses

    June 27, 2026

    Ripple XRP Climbs on EU Market Optimism, Institutional Appetite

    June 27, 2026

    Federal Govt. Needs N4.55bn to Fill PHC Vacancies- Official

    June 27, 2026

    Oil Prices Lower as Saudi Arabia, Iran Ramp Up Exports

    June 27, 2026

    Dogecoin Price Rises as SpaceX Inches to Join Nasdaq 100

    June 27, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

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