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
Nigerian Civil War the desire of central government of Nigeria to pursue total and unconditional victory and by the fear of the Ibo people that surrender means wholesale atrocities and genocide. But genocide is what is taking place right now – and starvation is the grim reaper. When Nixon became President in 1969, he found there was little he could do to change the established stance aside from call for another round of peace talks. Despite this, he continued to personally support Biafra. Gulf Oil Nigeria, the third major player in Nigerian oil, was producing 9% of the oil coming out of Nigeria