What does BLCO stand for?
BLCO is acronym for Bonny Light Crude Oil which 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. Nigerian National Petroleum Corporation (NNPC) is official source for Bonny light crude oil.
The very low sulfur content of Bonny Light crude oil by world standards as sweet crude oil grade, makes it a highly demanded grade for its low corrosiveness to refineries’ infrastructures and the lower environmental impact of its byproducts in refineries effluents.
This west African crude oil finds its way to both east and west locations, with China, India, Europe and the US crude oil key buyers.
Bonny Light Crude Oil Specification
|Sulfur, wt %||0.16|
|Pour Point °F||6.1|
|Pour Point °C||-14.4|
|Acid Number, mg KOH/g||0.19|
|Back-Blended Acid, mg KOH/g||0.17|
|Viscosity @ 40 °C (104 °F), cSt||4.99|
|Viscosity @ 50 °C (122 °F), cSt||4.05|
|Asphaltenes, C7, %||0.0032|
|Characterization Factor, K||11.68|
Bonny Light Crude Oil Price
Bonny light crude oil price depends on several factors like it is OPEC or OFF-OPEC stock, requirement volume of crude oil and type of shipment will be offered . We are able to source BLCO through approved NNPC Fiduciaries and Allotment Holders with good discount but realistic one not fictitious discounts that comes from fake sources!
What are requirements to start a procurement of Bonny light crude oil?
For initial negotiation we require buyer’s official request (LOI) plus completed KYC form to do due diligence after study of the purchase procedure.
Refineries or reseller must be able to meet the terms and conditions for closing contract and more progress on procurement of OFF-OPEC BLCO.
Place a trial order, and become a member of our crude oil trading network.
Also it is suggested to study this Article: WHAT ANY SERIOUS BUYER OF BONNY LIGHT CRUDE OIL SHOULD BE AWARE BEFORE DECIDING TO TRADE WITH OFF-OPEC SELLERS!