Nigerian oil exports to stay largely flat in May – programmes

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By Libby George
    LONDON, April 6  - Nigeria's oil exports are expected to hold at close to 1.8 million barrels per day (bpd)
in May, loading plans showed on Friday. 
    The loading plan included at least 1.799 million bpd on 61 cargoes, but traders said two to three additional 950,000 barrel
cargoes of Usan would be added at some point. 
    Usan operator ExxonMobil had not yet released the programme as it negotiated ownership of the cargoes, traders said.
    As a result, total May crude oil loadings are likely to be just above 1.8 million bpd, largely flat compared with April's initial loading plan of 1.854 million bpd. 

    
 Grade         May cargoes  Barrels per   April       Barrels
                            day           cargoes     per day
 Abo           none         none          1           23,000
 Agbami        8            245,000       7           
 Amenam        3            94,000        3           95,000
 Antan         2            42,000        0           0
 Bonga         6            184,000       6           190,000
 Bonny Light   6            169,000       5           163,000
 Brass River   4            87,000        4           72,000
 EA            1            31,000        1           32,000
 Ebok*         1            21,000                    
 Erha          3            92,000        4           127,000
 Escravos      6            184,000       5           158,000
 Forcados      11           314,000       10          262,000
 Okono         1            29,000        none        none
 Okwori        none         none          none        none
 Oyo*                                                 
 Pennington    1            32,000        1           32,000
 Qua Iboe      7            215,000       10          317,000
 Usan*                                    2           63,000
 Okwuibome     1            31,000        1           30,000
 Yoho          1            31,000        2           63,000
 Total         62           1.799 (mln)   62          1.854
                                                      (mln)
 * Programme not available
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Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of Naija247news.com and also sits on the board of Students In Business Awards, (SIBA).

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