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 connected with the main Nun and Brass rivers by numerous winding rivulets. An account of the journey says, In 1838 the boats of H.M.S. "Viper" ascended the Brass river for about . They reported that it was wide, and deep. The banks were fringed with impenetrable mangroves. On the return voyage they were assisted by a current running at along the western shore. An 1842 report to the British House of Commons said that "Slaves may be taken from the Bonny to the Brass River, and are taken there; the Brass River is not under King Peppel, and separate treaties