Bloomberg News

Nigeria’s December Forcados, Bonga Oil Exports to Be Stable

October 24, 2011

(Updates with Bonga volume in first paragraph.)

Oct. 24 (Bloomberg) -- Nigeria, Africa’s largest oil producer, will export six cargoes of Forcados crude oil and five shipments of Bonga grade in December, according to loading schedules obtained by Bloomberg. That’s the same as in November.

The cargoes comprise 950,000 barrels. The Forcados plan includes a partial consignment of 250,000 barrels in addition to the six full lots, one of the schedules showed.

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: Rob Verdonck, Rachel Graham

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


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