Crude oil sellers can be found in oil producing countries like Russia, Nigeria, Saudi Arabia, Kuwait, Iran, Iraq, Angola etc. They are three types of crude oil sellers.
1. State sellers:
They are government companies. An example of a crude oil state seller is referred to as NNPC. Buying petroleum from state sellers is not easy. The best way to buy crude oil through state sellers is to do so through registered or genuine crude oil agents or facilitators.
2. Private sellers:
BP, Total, Shell, Chevron etc are private sellers.
3. Independent sellers:
Independent sellers either buy from private sellers, state sellers or get their petroleum through oil allocation. Some independent sellers are compensated with oil well by the government. It is easy to buy petroleum through this set of sellers if you buy a genuine seller.
Find Out What is Crude Oil
So what is crude oil? Crude oil is the unprocessed oil we find underground. Nigeria Crude Oil - Grades of Nigerian Petroleum
The crude oil of Nigeria is divided into two classes. They are sweet and light petroleum. Under OPEC, Nigeria is the biggest manufacturer of light crude oil. Out of the 100% of oil which the US imports yearly, Nigeria supplies about 10% of the whole US oil imports. This makes up 40% of Nigeria oil exports. The major oil companies in Nigeria are Chevron, Shell, Mobil, Texaco, Agip etc. BP is yet to discover the potentials of Nigeria's crude oil. Mobil controls the Qua Iboe depot located in Awka Ibom state Nigeria. Agip runs the brass depot located in Rivers state.