News
Nigerian oil exports to slip
Nigeria’s oil exports are expected to fall slightly in June to just under 1.8 million barrels per day (bpd), loading plans has shown. The export plan comprised 60 cargoes, for a total of 1.796 million bpd, compared with the 1.895 million bpd in May’s revised export programme. June exports will also include four cargoes of Akpo condensate with 133,000 bpd, compared with three cargoes in May offering 97,000 bpd. The export plans showed two fewer cargoes of Agbami in June, and one fewer Antan, Bonga, Qua Iboe, EA, Okono, Pennington and Usan compared with the previous month. Nigerian oil export plans are prone to revisions and delays, with cargoes frequently pushed from one month to the next.
Grade June Barrels May Barrels
cargoes per day Cargoes per day
Abo 1 23,000 none none
Agbami 6 195,000 8 245,000
Amenam 4 127,000 3 94,000
Antan 1 32,000 2 42,000
Bonga 5 158,000 6 184,000
Bonny Light 6 195,000 6 169,000
Brass River 5 88,000 4 87,000
EA none none 1 31,000
Ebok 1 22,000 1 21,000
Erha 4 127,000 3 92,000
Escravos 6 190,000 6 184,000
Forcados 10 289,000 10 283,000
Okono none none 1 29,000
Okwori 1 22,000 none none
Oyo*
Pennington none none 1 32,000
Qua Iboe 7 222,000 8 245,000
Usan 2 67,000 3 97,000
Okwuibome* 1 31,000
Yoho 1 32,000 1 31,000
Total 60 1.796 65 1.895 (mln) (mln)
* Programme not available
Source Reuters
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