Nigerian oil exports to hit six-month high in November

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The tanker Maria sails out of the Port of Corpus Christi after discharging crude oil at the Citgo refinery in Corpus Christi, Texas, U.S., on Thursday, Jan. 7, 2016. Crude oil slid Thursday to the lowest level since December 2003 as turbulence in China, the worlds biggest energy consumer, prompted concerns about the strength of demand. Photographer: Eddie Seal/Bloomberg via Getty Images
    By Amanda Cooper
    Lagos Nigeria, Sept 27  - Nigeria's oil exports will reach
their highest in six months in November, led in part by an
increase in supply of the country's four largest crude grades,
according to loading programmes.
    Total loadings of Nigerian crude will rise to 1.876 million
barrels per day in November, from October's 1.652 million bpd.
    November's will be the largest loading programme since May
this year and is 17 percent higher than last November's 1.598
million bpd export schedule.
    The export plan comprises 59 cargoes, unchanged from October
and includes one cargo of Akpo condensate.
    Exports of Forcados, Bonga, Bonny Light and Qua Iboe will
rise to 822,967 bpd in November, from a planned 728,258 bpd in
October. This will be the largest export programme for the four
since June's 873,000 bpd.
    The Agbami stream will add another cargo in November, while
supply of the smaller grades will remain broadly unchanged.
    France's Total launched its Egina offshore field
this week, which is expected to come online by December and add
another 100,000 bpd to Nigeria's crude and condensate output by
the end of the year, according to Malam Mele Kyari, head of
crude oil marketing at Nigeria's state oil firm NNPC.

Production from Egina, an ultra deepwater field, is expected
to rise to 200,000 bpd.
Nigerian oil export plans are prone to revisions and delays,
with cargoes frequently pushed from one month to the next.
Below is a table detailing supply of each of the Nigerian
crude grades tracked by Reuters:

Grade November Nov October Oct
(bpd) cargoes (bpd) cargoes
Abo 0


Agbami 7 6
227,500 188,710
Amenam 5 3
126,667 91,935
Antan 1 1
30,645
10,000
Bonga 6 6
190,000 183,871
Bonny Light 6 5
169,467 153,226
Brass River 5
115,226
99,733
EA 1 1
30,645
31,667
Ebok 0


Erha 4 3
126,667 91,935
Escravos 6 6
190,000 183,871
Forcados 8 9
253,333 201,446
Okono 1 0

31,667
Okwori 1 1
11,290
6,667
Oyo 0


Pennington 1 1
30,645
31,667
Qua Iboe 8 6
253,333 183,871
Usan 2 2
61,290
63,333
Yoho 1 1
30,645
31,667
Okwuibome – 2
30,645
Akpo 33,333 1 1
32,000
TOTAL
1,876,700 59 1,651,898 58

(Reporting by Amanda Cooper; Editing by Alexandra Hudson)


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