By Esther Igomu 

The Nigerian National Petroleum Corporation Limited (NNPCL) has announced the official unveiling of its latest crude oil grade, the Utapate crude oil blend, before the international crude oil market.

The development is a major boost for Nigeria’s crude oil production, revenue generation and economic growth efforts, according to the NNPCL.

In a statement signed by its Chief Corporate Communications Officer, Olufemi Soneye, in Abuja, the NNPCL stated that the new product was unveiled before a packed audience of European crude oil marketers at the ongoing Argus European Crude Conference taking place in London, England.