Nigeria to Boost April Qua Iboe Crude Exports to 11 Cargoes
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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.