Nigeria’s crude oil exports to slide in June – loading plans

Nigeria’s crude oil exports are set to slip to 1.52 million barrels per day (bpd) in June, according to loading programmes compiled by Reuters on Tuesday. The programme for the month is down from a revised schedule of 1.63 million bpd in May. Three of the June cargoes of Qua
Iboe, the largest Nigerian stream, were deferred from May.
Operator ExxonMobil has reissued the Qua Iboe plan several times in the past two months due to persistent, but unexplained,
loading delays, and there are now seven cargoes planned for each of May and June. Planned June exports are just below Angola’s schedule of
1.67 million bpd. Nigeria had consistently been Africa’s largest oil exporter, but its loadings have fallen below those of Angola several times over the past year as it had to deal with militant attacks on oil infrastructure in the Niger Delta. Nigeria will also export four cargoes of Akpo condensate in
June, the same figure as in May.

Grade         June        Barrels     May         Barrels
               cargoes     per day     cargoes     per day
 Abo           0           0           1           23,000
 Agbami        7           228,000     8           252,000
 Amenam        3           95,000      4           123,000
 Antan         1           32,000      2           42,000
 Bonga         6           195,000     6           184,000
 Bonny Light   7           203,000     6           189,000
 Brass River   5           110,000     5           112,000
 EA            0           0           1           31,000
 Ebok*                                 1           21,000
 Erha          4           133,000     4           129,000
 Escravos      4           127,000     5           153,000
 Forcados**    0           0           0           0
 Okono         1           30,000      1           29,000
 Okwori        1           22,000      0           0
 Oyo*                                              
 Pennington*                                       
 Qua Iboe      7           222,000     7           215,000
 Usan          2           63,000      3           97,000
 Yoho          2           63,000      1           31,000
 Total         50          1.52 MLN    55          1.63 MLN
 *Not yet available
**Grade under force majeure

Source: Reuters