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Wednesday, 29 January 2014

-Nigerian oil exports rise to 1.88 million bpd in March

Nigeria will export around 1.88 million barrels per day (bpd)of crude oil in March, up from 1.72
million bpd in February, shipping lists seen by Reuters indicated on Wednesday.
    The final total export level may be slightly higher as some smaller grades had yet to emerge.
    Exports have slowly recovered in recent months as problems of oil theft at the Trans Niger Pipeline feeding the Bonny Light grade of crude oil seem to have abated a little.
    Bonny Light exports were at 155,000 bpd for March compared to 141,000 in February
    However total exports remain below the 2 million bpd levels seen for much of 2012 to 2014.
    March exports will be the highest since September which were revised upwards to 1.94 million bpd after Bonny Light exports were added to the programme.

GRADE          CARGOES      BPD
 Bonny          6            155,000
 Forcados       6            177,000
 Ebok           1            21,000
 Brass River    4            107,000
 EA             2            61,000
 Pennington     0            0
 Escravos       3            92,000
 Qua Iboe       12           368,000
 Bonga          4            129,000
 Erha           4            129,000
 Yoho           2            61,000
 Amenam         3            92,000
 Usan           4            123,000
 Okoro*         0            0
 Abo            1            25,000
 Antan          2            34,000
 Okono*         0            0
 Agbami         8            252,000
 Okwori         1            21,000
 Oyo*           0            0
 Olowi*         0            0
 TOTAL          64           1,88000



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