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
Brass River to the Santa Barbara River. The name was used specifically for Twon village on the Brass river, the route to the Nembe capital in the interior. In the 1884 and 1886 treaties "Brass" referred to the Nembe state. The Brass river was also called the Rio Bento, or St. John river. The Brass River is a branch, or distributary, of the Nun River, which flows to the west. The Nun River is itself a continuation of the Niger River, which divides into the Nun and Forçados Rivers about downstream from Aboh. The Brass leaves the east side of the Nun