Bloomberg News

Gabon to Cut Rabi Light Crude Exports for March to Two Cargoes

February 07, 2012

Feb. 7 (Bloomberg) -- Gabon will reduce the exports of Rabi Light crude for March to two cargoes from three this month, a loading program obtained by Bloomberg News showed.

Two shipments of 650,000 barrels each will be exported next month, according to the plan.

Rabi Light has a density of 35.1 degrees on the American Petroleum Institute scale and a sulfur content of 0.11 percent, according to Total SA, the operator of the field. It is of similar quality to Nigerian benchmark Qua Iboe crude.

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, Rob Verdonck

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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