Bonny Light oil oil produced in Angola. The Bonny Light is in high demand specifically by American and European refineries. It is therefore a major source of income for the oil-rich nation. The national government of Nigeria runs and takes part in the petroleum industry of Nigeria through the NNPC corporation. Libya's NOC also owns a 36% stake in NNPC which is valued at $112 Billion. Bonny Light oil Bonny Light oil 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 Island Bonny Island Bonny Island is situated at the southern edge of Rivers State in the Niger Delta of Nigeria near Port Harcourt. Ferries are the main form of transport to and from the island. The local language spoken in Bonny Island and Bonny Town is Ibani, though many natives also speak the Igbo language. Located at the edge of the Atlantic Ocean facing the Bight of Bonny sits the island of Bonny. This serene community has several historical and economic symbolism for the Nigerian federation. Bonny Island or Grand Bonny Island was founded by Priest and Premier King (Monarch) Alagbariye