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Crude oil is commonly known as petrol. It is a liquid found within the Earth comprised of hydrocarbons, organic compounds and small amounts of metal. Crude oil is typically obtained through drilling, where it is usually found alongside other resources, such as natural gas (which is lighter and therefore sits above the crude oil) and saline water (which is denser and sinks below). It is then refined and processed into a variety of forms, such as gasoline, diesel, kerosene and various forms of petrochemicals.
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 (port-harcourt). The Bonny Light is in high demand specifically by American and European refineries because of its low sulfur content. It is, therefore, a major source of income for Nigeria. The Bonny terminal is capable of storing 13 million barrels (2,100,000 m3) of crude oil in conjunction with the nearby Forcado Terminal, who are both operated by Shell. 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.
The Forcados terminal is capable of storing 13 million barrels (2,100,000 m3) of crude oil in conjunction with the nearby Bonny Terminal, who are both operated by Shell.
Qua Ibo is made up of Light crude containing very low levels of sulfur, metals and asphaltic material; when refined will provide similar low sulfur specification products. It is a well-balanced intermediate crude that produces high quality, low sulfur products after simple refining. Qua Iboe Terminal is located on the eastern side of the Qua Ibo river estuary and contains 9 crude oil storage tanks with a total capacity of 4.5 million bbls. The Qua Ibo terminal is operated by Mobil in Akwa Ibom State.
Escravos crude oil is produced in Nigeria. It is loaded from the Chevron-operated Escravos Terminal, which can accommodate Very Large Crude Carrier (VLCC) vessels. The Escravos terminal is capable of storing 3.6 million barrels (570,000 m3) of crude oil and is operated by Chevron in Delta State.
The Pennington Anfan terminal is operated by Texaco.
Brass River is a typical high-quality West African gasoline- and gasoil-oriented crude. It has an API gravity of 36.3, a sulfur content of 0.13% and a low metals content. The grade is loaded from the Brass River terminal operated by Agip and is capable of storing 3,558,000 barrels (565,700 m3).