Tag Archives: Nigeria exports

Nigeria – February 2017 – Exports (Preliminary)

  • Initial February loading plans began to emerge, with Bonny Light exports expected to rise on a barrel-per-day (bpd) basis to around 170,000 bpd.
  • Brass River loadings were on track to rise to 128,000 bpd and Escravos was set to rise to 170,000 bpd. Agbami exports were set to fall slightly to 244,000 bpd.
  • Just over 30 January loading cargoes were still available for sale, with light grades such as Akpo condensate struggling to sell, traders said.
  • Nigeria, one of two OPEC countries completely shielded from any cuts to its oil production, is struggling to sell its rising oil production as higher benchmark prices slammed shut trade routes and did little to stem an excess of light, sweet oil, leaving millions of unsold barrels.
  • Still, traders said Delta had purchased at least three cargoes of January-loading Qua Iboe from traders Vitol and Litasco for its Trainer, Pa., refinery.
  • Striking workers have shut down US oil major Exxon Mobil Corp’s Nigeria headquarters in Lagos after more than 100 employees were fired, a labour union said on Friday.

Full story from Reuters here.

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Nigeria – January 2016 – Exports (Preliminary)

  • Nigeria’s exports of its largest crude oil stream, Qua Iboe, are expected to rise in January, but valuable light sweet Bonny Light is on track to decline, export plans showed on Thursday.

    Ten cargoes of Qua Iboe are planned for a total of 306,000 barrels per day (bpd) in January, up from 245,000 bpd in December.

    Operator ExxonMobil lifted a force majeure on the grade in late October In contrast, the country plans to export five cargoes of Bonny Light, for a total of 139,000 bpd in January, a decline from December’s initially planned 156,000 bpd. At least one of the December cargoes was pushed into January.

    While the Bonny Light exports are well below the 218,000 bpd planned in January 2016, they have not fallen as much as some expected following the recent militant attack on the Nembe Creek Trunk Line that exports Bonny Light.

    Some said the attack had not significantly impacted flows, but the constant stream of attacks and other issues has forced operators to continually change loading plans.

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Nigeria – October 2016 – Exports (Partial)

  • October Nigerian crude exports were expected to reach at least 1.62 million bpd.
  • Both Qua Iboe and Forcados remained under force majeure.
  • Full story from Reuters here.

From 31 August 2016:

  • Full story from Reuters here.
  • The delayed Bonga loading programme for October was issued and schedules six cargoes with a possible seventh shipment, to be confirmed, loading at the end of the month.
  • Nigeria’s Forcados, Qua Iboe, Bonny Light and Brass River crude grades remain under force majeure.
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