Wednesday, 5 December 2012

Nigeria plans stable crude oil export from Bonga

There were indications that Nigeria would export five cargoes of Bonga crude in January, the same number of cargoes as December, according to the preliminary loading programme.
Three of the cargoes will be of 997,500 barrels capacity and two of one  million barrels. Also, Nigeria plans to ship four 950,000 barrel cargoes of Usan crude exports for January, one more than December, the loading programme showed.
This is the first shipping plan to be released for Nigeria’s oil exports in January. The other grades, including the country’s benchmark, Qua Iboe, were not yet available. The nations is scheduled to export six cargoes of Bonny Light crude in January, one less than a revised plan for December. The country will also ship two cargoes of EA Blend, one more than is scheduled to load next month, with one of the December shipments deferred until January, a separate programme showed.
The nation plans to export about 2.12 million barrels per day in December, unchanged from volumes in November, which hit a six-month high. Although, the nation experienced a temporary slide in oil productions that was due to floods, but the situation was quickly normalized and oil production was restored to about 2.4 million bpd.

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