By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Okay NewsOkay NewsOkay News
  • News
  • Politics
  • Business
  • Technology
  • Security
  • Entertainment
  • Sports
Reading: NNPC to Begin Export of New Crude Grade, Cawthorne, in March
Font ResizerAa
Font ResizerAa
Okay NewsOkay News
  • News
  • Politics
  • Business
  • Technology
  • Security
  • Entertainment
  • Sports
Follow US
  • About Us
  • Advertising
  • Contact
  • Careers
  • Team
2026 © Okay International Limited - All rights reserved
Energy

NNPC to Begin Export of New Crude Grade, Cawthorne, in March

Ogungbayi Feyisola Faesol
By
Ogungbayi Feyisola Faesol
ByOgungbayi Feyisola Faesol
Faesol is a journalist at Okaynews.com, reporting on business, technology, and current events with clear, engaging, and timely coverage.
Follow:
Published: 2026/02/24
3 Min Read
Share
NNPCL
SHARE

Abuja, Nigeria – The Nigerian National Petroleum Company Limited (NNPC) is set to commence export of a new light, sweet crude grade known as Cawthorne from March 2026, marking another step in efforts to increase output and consolidate recent production recovery.

Okay News reports that an NNPC spokesperson confirmed the development, describing it as part of Nigeria’s broader strategy to boost production after years of constraints caused by pipeline vandalism, crude theft, and unrest in oil-producing regions. The launch follows the introduction of two other new grades — Obodo in 2025 and Utapate in 2024 — as Africa’s top oil exporter seeks to strengthen its standing within OPEC+.

According to sources familiar with the matter, Cawthorne crude is scheduled for export in the third week of March and has an API gravity of 36.4, making it similar in quality to Nigeria’s Bonny Light, which is prized for high gasoline and diesel yields. NNPC issued a tender last week for cargo loading between March 24 and 25. Analysts at Kpler noted that the new grade is expected to be exported via the Floating Storage and Offloading vessel Cawthorne, which has a storage capacity of about 2.2 million barrels.

Kpler estimates that, based on storage capacity, Cawthorne could increase Nigeria’s crude and condensate output from roughly 1.65 million barrels per day to around 1.7 million bpd for the remainder of the year. Nigeria’s crude oil production has gradually approached its OPEC+ quota of 1.5 million bpd, with output at 1.48 million bpd in January, according to OPEC data.

- Advertisement -

The introduction of Cawthorne crude could expand Nigeria’s offerings to international refiners, improve market flexibility amid changing global demand, attract buyers seeking specific light, sweet crude qualities, and boost foreign exchange earnings. The continued rollout of new crude grades signals Nigeria’s determination to increase production resilience, diversify export streams, and reinforce its role in the global energy market. This new crude oil export represents a strategic addition to Nigeria’s portfolio, strengthening the country’s position as a reliable supplier. Sustained growth in crude oil export volumes will depend on maintaining production stability and security in the Niger Delta.

Follow Okay News channel on WhatsApp
Add as a preferred source on Google
Follow Okay News on Instagram
- Advertisement -

TAGGED:Nigeria oil productionNNPC Limited
Share This Article
Facebook Pinterest Whatsapp Whatsapp Email Print
Previous Article CPPE CPPE: CBN’s Rate Cut Positive for Growth, But Lending Rates Still High
Next Article IMG 20260224 211343 Peter Obi Escapes Alleged ‘Assassination’ As Gunmen Target Supporters In Edo

Stay Connected

FacebookLike
XFollow
InstagramFollow
TiktokFollow
WhatsAppFollow
- Advertisement -

More News

NNPCL
Energy

Analysts Raise Liquidity Concerns for NNPC After Tinubu’s Oil Revenue Executive Order

By Ogungbayi Feyisola Faesol
Electricity Africa
Energy

REA, ECOWAS Sign $700,000 Deal to Electrify 15 Institutions Across Nigeria

By Ogungbayi Feyisola Faesol
Crude Oil
Energy

Goldman Sachs Revises Oil Price Outlook Upward, Projects $60 Brent by Q4 2026

By Ogungbayi Feyisola Faesol
Okay NewsOkay News
2026 © Okay International Limited - All rights reserved
  • About Us
  • Advertising
  • Contact
  • Careers
  • Team
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

Continue with Facebook