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
Kingdom of Bonny the island on which the town of Bonny is sited was full of curlews, and some of the first settlers therefore called it 'Okoloama', meaning 'curlew town' (the town or land of curlews). This name is still used traditionally. The hereditary king, who had the title "Amanyanabo", originated from the patriarchs (founding fathers) and aboriginal (premier) kings (monarchs) of Bonny kingdom, who are the God-given owners of the kingdom and its lands and territories and other God-given inalienable resources. Thus, the first four kings and blood-relatives are founding fathers of the kingdom. These are namely Kings Ndoli, Opuamakuba, Alagbariya (Founder