Petroleum industry in Nigeria to transport the crude oil. Also because of the lack of highly productive fields, money from the jointly operated (with the federal government) companies is constantly directed towards petroleum exploration and production. Nigeria's petroleum is classified mostly as "light" and "sweet", as the oil is largely free of sulphur. Nigeria is the largest producer of sweet oil in OPEC. This sweet oil is similar in composition to petroleum extracted from the North Sea. This crude oil is known as "Bonny light". Names of other Nigerian crudes, all of which are named according to export terminal, are Qua Ibo, Escravos blend,
Nigerian Export Promotion Council is the leading Federal Government Agency charged with the responsibility of promoting non-oil export in Nigeria to diversify away from oil and build a formidable economy. The Nigerian Export Promotion Council (NEPC) was established through the promulgation of the Nigerian [Export]] Promotion Council Decree No. 26 of 1976, and was formally implemented in March 1977. The act was [amended]] by Decree No. 72 of 1979 and further amended by the Nigerian Export Promotion Council Decree No. 41 of 1988. Appended to the law was the Export (Incentives and Miscellaneous Provisions) Decree No. 18 of 1986, as well as the Nigerian