Bloomberg News

Nigeria to Cut January Akpo Crude Oil Exports to Five Cargoes

November 23, 2011

Nov. 23 (Bloomberg) -- Nigeria, Africa’s largest oil producer, plans to reduce Akpo crude exports in January to five cargoes, one less than next month, according to a loading program obtained by Bloomberg News.

The country will also ship six consignments of Brass River, three EA, two Okwori, one Antan and one Abo, the plan showed. Cargo sizes range from 250,000 to 1 million barrels.

The schedules of Amenam, Okono, Oso, Pennington grades are not available yet. 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: Raj Rajendran, Rachel Graham.

To contact the reporter on this story: Sherry Su in London at lsu23@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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