Nigeria to Export 45 Crude Cargoes in March, Partial Plan Shows

Nigeria, Africa’s largest oil producer, is scheduled to export 45 crude cargoes in March, partial loading programs obtained by Bloomberg show.

Daily exports in March are scheduled to be 1.36 million barrels, according to the plans, which exclude 10 grades. Total shipments for next month are planned at 2.16 million barrels a day, the full schedule for February showed.

The country will ship 12 consignments of its benchmark Qua Iboe grade in March, two more than a revised schedule for next month, according to the program. The total includes three lots that were deferred from February. Exports of Bonny Light blend will fall by two to five cargoes.

Nigeria will export eight cargoes of Forcados, five each of Akpo and Bonga, three lots of Amenam and Usan and two each of EA Blend and Yoho, the plans showed.

The schedules for Abo, Agbami, Antan, Brass River, Erha, Escravos, Okono, Okwori, Oso and Pennington were not yet available. Those grades totaled at least 23 cargoes in February.

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: Stephen Voss at sev@bloomberg.net

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