Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Nigeria to Boost April Qua Iboe Crude Exports to 11 Cargoes

Nigeria, Africa’s largest oil producer, plans to increase Qua Iboe crude exports in April to 11 cargoes, including four lots deferred from March, according to a preliminary loading program obtained by Bloomberg News.

Total exports of the country’s benchmark grade will rise to the most in eight months at 10.45 million barrels, or 348,333 barrels a day, the plan showed. That compares with eight consignments of 950,000 barrels, or 245,161 barrels a day, set to be shipped next month. Daily shipments reached 367,742 barrels in August.

Exxon Mobil Corp. lifted its two-week force majeure on Qua Iboe exports, Nigel Cookey-Gam, a Lagos-based spokesman, said yesterday in an e-mail. The force majeure, a legal step used by companies when they can’t fulfill a contract for reasons beyond their control, had been in place since Feb. 7 due to disruption caused by repairs to a pipeline.

The nation will also export five cargoes of Usan in April, two more than next month, a separate loading program showed. Shipments of Escravos and Erha will be stable at three lots each, Okono and Yoho are unchanged at two consignments and Okwori will be kept at one cargo, according to separate loading programs. The shipment sizes range from 650,000 barrels to 1 million barrels.

Loading programs are monthly schedules of crude shipments compiled by field operators to allow buyers and sellers to plan their supply and trading activities.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.