Nigeria’s Nov crude oil exports set to hit 10-month high
Nigeria's planned November oil loading programme shows the highest exports since January, plans compiled by Reuters showed on Friday, as major oil streams
resume. Plans show 62 cargoes, with 1.88 million barrels per day (bpd) expected to load during the month, the highest level since
militants bombed the pipeline that exports Forcados crude oil in February.
Before the pipeline was hit, February and March exports were planned close to 2 million bpd, but nearly all the cargoes of
Forcados were cancelled as the pipeline closed and operator Shell declared force majeure.
From February until recently, export plans for a string of crude oil grades had been patchy and unreliable due to almost
relentless militant attacks that took out pipelines and thus production in what is typically Africa's largest oil exporter.
While Qua Iboe, Nigeria's largest export stream, and Forcados remain under force majeure, exports are again planned
for both of them. The first cargo of Qua Iboe since July loaded earlier this week aboard the South Sea.
Grade November Barrels per October Barrels
cargoes day cargoes per day
Abo 1 23,000 1 23,000
Agbami 8 26,000 8 245,000
Amenam 1 32,000 2 61,000
Antan 1 23,000 1 31,000
Bonga 6 190,000 7 215,000
Bonny Light 6 175,000 6 189,000
Brass 5 158,000 6 123,000
River**
EA 2 48,000 1 31,000
Ebok 0 0 0 0
Erha 5 167,000 4 129,000
Escravos 5 158,000 5 153,000
Forcados** 6 171,000 8 216,000
Okono 1 13,000 1 29,000
Okwori 1 22,000 1 19,000
Oyo 0 0 0 0
Pennington 0 0 0 0
Qua Iboe** 9 285,000 8 245,000
Usan 4 133,000 4 123,000
Yoho 1 32,000 1 31,000
Total 62 1.89 64 1.86
million million
**Grade under force majeure