Nigeria to Export 62 Crude Lots in July, Partial Plan ShowsRupert Rowling
Nigeria, Africa’s largest oil producer, will export 62 crude cargoes in July, loading programs obtained by Bloomberg News that cover 17 of 18 grades show.
The nation will ship 13 consignments of Qua Iboe, seven each of Agbami and Forcados, five each of Akpo and Bonga, four of Bonny Light, three each of Amenam, Erha, Escravos and Usan, two each of Antan and Yoho and one each of Abo, EA Blend, Okono, Okwori and Pennington, according to the schedules. The size of the cargoes range from 167,000 to 1 million barrels.
That compares with 66 shipments, or 58 million barrels, due to be exported next month, a full plan of the 18 blends show.
Royal Dutch Shell Plc declared force majeure, a legal step that protects a company from liability when it can’t fulfill a contract for reasons beyond its control, on Bonny Light exports after closing the Nembe Creek Trunkline on April 15 to remove oil-theft connections. The halt remains in place.
The July program for Brass River wasn’t yet available. It totaled five cargoes in June.
Loading programs are monthly schedules of crude shipments compiled by field operators to allow buyers and sellers to plan their supply and trading activities.