Elarolah specializes in Nigerian Light Crude Oil / Bonny light crude oil (BLCO). We have genuine title holder and allocation sellers with verifiable credentials. The term BLCO is basically a broker term for what is in reality a variant of Nigerian Light Crude Oil (NLCO). There are five types/API’s ranges of Nigerian Crude Oil and Bonny Light is just one of them. When a buyer purchases BLCO they are actually getting a blend of Nigerian Light Crude Oil and they have to pay attention to the API to make sure it meets the crude oil buyer’s requirement.
Bonny Light/Nigerian Light crude oil is considered to be one of the best light crude oil products available because it is easy to refine. The fraud that comes out of Nigeria quite extensive and in fact we estimate less than .01% of the deals a buyer will see are actually real deals. This is due to the sovereign / fiduciary right Nigerians have to represent / sell the crude oil. It’s a corrupt market, build by design to fail. Due to this factor, BLCO is highly sought after especially from Asian buyers that make these deals very complicated at times. With all of that said, the issue a crude oil buyer faces with purchasing BLCO/NLCO is finding a genuine supplier that can actually deliver the product one time let alone to the full term of a contract.
Finding a verifiable and performing seller in the Nigerian Light Crude Oil / Bonny light crude oil market is quite simple when you are dealing with a company like Elarolah that has extensive experience in this industry. Getting genuine crude oil sellers/suppliers is very difficult to some buyers because of brokers and fraudulent fiduciary sellers claiming to have product to sell when they do not. It is our purpose to assist serious buyers to work with genuine sellers directly and cut the exposure of brokers to an absolute minimum.
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