{"id":141963,"date":"2024-08-05T16:44:19","date_gmt":"2024-08-05T15:44:19","guid":{"rendered":"https:\/\/newsdigest.ng\/?p=141963"},"modified":"2024-08-05T16:44:19","modified_gmt":"2024-08-05T15:44:19","slug":"nnpc-launches-new-crude-oil-grade-utapate-exports-first-cargo-to-spain","status":"publish","type":"post","link":"https:\/\/thepublicpulse.ng\/?p=141963","title":{"rendered":"NNPC launches new crude oil grade, Utapate, exports first cargo to Spain"},"content":{"rendered":"<p>In a significant milestone, the Nigerian National Petroleum Company Limited (NNPC Ltd) has unveiled a new crude oil grade, Utapate, and successfully exported its first cargo to Spain.<\/p>\n<p>According to a statement by NNPC Ltd\u2019s Chief Corporate Communications Officer, Mr. Olufemi Soneye, the Utapate crude oil blend, sourced from Oil Mining Lease (OML) 13, operated by NNPC E&amp;P Limited, commenced production in July 2024, with an initial output of 28,000 barrels per day, expected to increase to 50,000 barrels per day.<\/p>\n<p>The NNPC spokesman disclosed that &#8220;Spanish oil giant Repsol won the tender for the initial cargo of 950,000 barrels, with Gulf Transport and Trading securing tenders for August and September 2024.&#8221;<\/p>\n<p>The Utapate crude oil blend boasts a low sulphur content of 0.0655% and low carbon footprint, making it an attractive option for major European buyers.<\/p>\n<p>This achievement marks a significant step forward for NNPC Ltd, demonstrating its commitment to increasing Nigeria&#8217;s crude oil production and growing reserves through the development of new assets.<\/p>\n<p>The launch of Utapate follows the successful introduction of Nembe crude oil, produced by the NNPC\/Aiteo operated Oil Mining Lease (OML) 29 Joint Venture (JV).<\/p>\n<p>\u201cThis remarkable achievement signals the commitment of the NNPC Ltd to increase Nigeria\u2019s crude oil production and grow reserves through the development of new assets\u201d, he added<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a significant milestone, the Nigerian National Petroleum Company Limited (NNPC Ltd) has unveiled a new crude oil grade, Utapate, and successfully exported its first cargo to Spain. According to a statement by NNPC Ltd\u2019s Chief Corporate Communications Officer, Mr. Olufemi Soneye, the Utapate crude oil blend, sourced from Oil Mining Lease (OML) 13, operated [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":121596,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,18],"tags":[136,137],"class_list":{"0":"post-141963","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"category-news","9":"tag-crude-oil-exports","10":"tag-nnpc"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NNPC launches new crude oil grade, Utapate, exports first cargo to Spain - The Public Pulse<\/title>\n<meta name=\"description\" content=\"In a significant milestone, the Nigerian National Petroleum Company Limited (NNPC Ltd) has unveiled a new crude oil grade, Utapate,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thepublicpulse.ng\/?p=141963\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NNPC launches new crude oil grade, Utapate, exports first cargo to Spain - 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