Nigeria to Export March 59 Crude Cargoes, Partial Plans ShowRupert Rowling
Nigeria, Africa’s largest oil producer, is scheduled to export 59 crude cargoes in March, partial loading programs obtained by Bloomberg show.
Daily exports in March are scheduled to be 1.77 million barrels, according to the plans, which exclude seven 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, seven of Agbami, five each of Akpo and Bonga, four of Brass River, three lots of Amenam, Erha and Usan and two each of EA Blend and Yoho, the plans showed.
The schedules for Abo, Antan, Escravos, Okono, Okwori, Oso and Pennington were not yet available. Those grades totaled at least nine 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.