Nigeria oil exports in January 2018 to fall from 21-mth high -programmes

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    NIGER DELTA, NIGERIA-JULY 2009-In Bolo creek, the villagers are bunkering the oil from Shell facilities and refining it to sell it on the black market. Around 30 to 40 illegal refineries can be found all over the creek. The strong presence of the militants is keeping away the army and the police allowing the villagers to work freely. (Photo by Veronique de Viguerie/ Getty Images)

    By Libby George

    LONDON, Dec 7 – Nigeria’s January oil exports are expected to slip back from a 21-month high hit in December, according to a Reuters compilation of loading plans on Thursday. Crude oil exports of 1.76 million barrels per day (bpd) are scheduled for January on 62 cargoes. The total compared with exports set at 1.94 million bpd in December, the highest scheduled since March 2016. Traders said some of the December cargoes could slip into January, but that the exports are likely to be slightly lower on the whole. The programme also included three cargoes of Akpo condensate for a total of 97,000 bpd, the same level as December. Grade January Barrels per December Barrels per cargoes day cargoes day Abo 0 0 1 13,000 Agbami 7 220,000 8 252,000 Amenam 3 92,000 3 92,000 Antan 1 31,000 0 0 Bonga 5 153,000 7 215,000 Bonny Light 5 139,000 8 235,000 Brass River 5 105,000 5 85,000 EA 0 0 1 31,000 Ebok 1 21,000 0 0 Erha 4 123,000 4 123,000 Escravos 6 163,000 6 169,000 Forcados 10 272,000 9 238,000 Okono 0 0 1 29,000 Okwori 0 0 1 16,000 Oyo* Pennington 1 31,000 0 0 Qua Iboe 9 276,000 10 306,000 Usan 3 97,000 3 97,000 Okwuibome* 1 29,000 Yoho 1 10,000 3 50,000 Total 62 1.76 mln 70 1.94 mln * Programme not available (Reporting by Libby George; editing by Jason Neely)

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