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
Ibo (Mozambique) Ibo (Mozambique) Ibo is one of the Quirimbas Islands in the Indian Ocean off northern Mozambique. It is part of Cabo Delgado Province. It grew as a Muslim trading port. Vasco da Gama reportedly rested on the island in 1502. The island was fortified in 1609 by the Portuguese. In the late eighteenth century, Portuguese colonialists built the Fort of São João, which still survives, and the town, as a slave port, became the second most important in the region after Mozambique Island. The island is now a far quieter place, known for its silversmiths. Ibo forms part of the