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Nigeria, the largest oil producer in Africa, is scheduled to export 2 million barrels a day of 14 major crude grades in September, the lowest in six months, according to loading plans obtained by Bloomberg News.
The country will ship 65 consignments in September totaling 59.9 million barrels. This compares with next month’s plan to export 71 cargoes amounting to 64.6 million barrels. The daily shipments for September will be 4.2 percent less than August.
Nigeria will ship 12 Qua Iboe, seven Agbami, seven Forcados, six Bonny Light, five Akpo, five Bonga, five Escravos, four Brass River, four Erha, three Amenam, three Okwori, two Yoho and two Antan shipments. The cargoes range from 280,000 barrels to 1 million barrels each. It will not export any OSO grade in September.
Including smaller blends such as Abo, EA and Pennington, the country will export 70 cargoes amounting to 64.1 million barrels, or 2.14 million barrels in September.
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 on sev@bloomberg.net