Bloomberg News

Nigeria to Export 73 Crude Cargoes in May, Partial Plan Shows

March 26, 2013

Nigeria, Africa’s largest oil producer, will boost crude exports to 73 cargoes in May, a partial loading program obtained by Bloomberg News that includes 17 of 18 grades showed.

The nation plans to ship 11 consignments of Qua Iboe, nine of Forcados, eight each of Bonny Light and Agbami, five each of Akpo, Bonga and Brass River, four of Erha, three each of Amenam, Escravos and Yoho, two lots of Abo, Antan and Okwori, and one each of EA Blend, Okono and Pennington, according to the schedules.

This is equivalent to 62 million barrels, or 2 million barrels a day, versus 60.2 million, or 2 million a day, scheduled for April.

That compares with the 66 shipments due to be exported next month, a revised complete loading plan showed. Three Bonny Light cargoes, two lots of Brass River and one Okono consignment have been deferred from April to load in May.

Royal Dutch Shell Plc (RDSA) lifted a two-week force majeure on Bonny Light exports on March 19. The country has been hit by rising oil theft and the Nembe Creek Trunkline will close in April to clear points along the link that are vulnerable to thieves, according to Shell.

The May program for Usan wasn’t yet available. It totaled five cargoes in April.

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: Rupert Rowling in London at rrowling@bloomberg.net

To contact the editor responsible for this story: Raj Rajendran at rrajendran4@bloomberg.net


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus