Bloomberg News

Nigeria to Boost October Forcados Crude Exports to Seven Cargoes

August 21, 2012

Nigeria, Africa’s largest oil producer, plans to increase exports of Forcados crude to seven cargoes of 950,000 barrels each in October, one more than September, a loading plan obtained by Bloomberg News showed.

The nation will also ship five lots of Bonga, five Brass River, four Escravos and two Antan blend, according to separate loading programs. The size of each consignment ranges from 237,000 barrels to 1 million barrels.

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

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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