Nigeria to export 71 cargoes of crude in May

Nigeria plan to boost crude exports to 71 cargoes of crude comprising 16 grades, according to a partial loading programme.

According to Bloomberg News, the country will ship 11 consignments of Qua Iboe, nine of Forcados, eight each of Bonny Light and Agbami, five each of Akpo, Bonga and Brass River, four of Erha,three each of Amenam, Escravos and Yoho, two lots of Abo, and one each of EA Blend, Okono and Pennington, the plans showed.

The cargoes, when compared with the 66 shipments due to be exported next month, are higher by five cargoes, a revised schedule showed. Three Bonny Light cargoes, two lots of Brass River and one Okono consignment have been deferred from April to load in May.

Royal Dutch Shell lifted a two-week force majeure on Bonny Light exports on March 19. The country has been hit by rising oil theft and the Nembe Creek Trunkline will close in April to clear points along the link that are vulnerable to thieves, Shell said.

The May programmes for Antan, Okwori and Usan weren’t available. They totalled eight cargoes in April.

Loading programmes are monthly schedules of crude shipments compiled by field operators to allow buyers and sellers to plan their supply and trading activities