Bloomberg News

Nigeria Raises December Bonny Light Oil Exports to 7 Cargoes

October 24, 2011

(Updates with Agbami program details in third paragraph.)

Oct. 24 (Bloomberg) -- Nigeria, Africa’s largest oil producer, will raise December exports of Bonny Light crude to seven cargoes from six consignments in November, a loading schedule obtained by Bloomberg News showed.

The December plan comprises seven shipments of 950,000 barrels and one partial parcel of 200,000 barrels, for a total of 6.85 million barrels.

The country will also export 12 consignments of benchmark Qua Iboe oil and four of Escravos in December, according to programs obtained by Bloomberg News Oct. 21. Seven full cargoes of Agbami crude and a 500,000-barrel parcel of the grade are also scheduled to load, a schedule released today showed.

Equatorial Guinea will maintain December shipments of Zafiro crude at four consignments, according to a separate plan.

Loading programs are monthly schedules of crude shipments compiled by field operators to allow buyers and sellers to plan their supply and trading activities.

--Editors: Alessandro Vitelli, Rob Verdonck.

To contact the reporter on this story: Lananh Nguyen in London at lnguyen35@bloomberg.net

To contact the editor responsible for this story: Alessandro Vitelli at avitelli1@bloomberg.net


We Almost Lost the Nasdaq
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus