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LONDON, AUGUST 24, 2018 - Nigeria's oil exports are
expected to rise to their highest in four months in October,
thanks to supply of several larger grades coming back online
following a series of pipeline outages in the last couple of
months.
Loadings of Nigerian crude will rise to 1.73 million barrels
per day, from September's 1.41 million bpd. October's will be
the largest programme since June this year, but is smaller than
last year's 1.768 million bpd.
The export plan comprised 57 cargoes, compared with 48
cargoes in September's loading schedule.
Both the Qua Iboe and the Forcados streams will load fewer
cargoes, while Bonny Light contains the same number of cargoes
and Escravos will load one extra.
Exports of these three major streams will drop 14 percent in
October to around 540,000 bpd from September's 630,000 bpd rate.
The export plans showed several smaller streams will add at
least one cargo in October, including Pennington, Okwori and
Antan.
Nigerian oil export plans are prone to revisions and delays,
with cargoes frequently pushed from one month to the next.
For an interactive graphic of exports of Nigeria's largest
crude oil streams, click here: tmsnrt.rs/2NcVtHW
Below is a table detailing supply of each of the Nigerian
crude grades tracked by Reuters:
Grade Oct Mln bpd Sept Mln bpd
cargoes cargoes
Abo none none none none
Agbami 6 189,000 6 195,000
Amenam 3 92,000
Antan 1 31,000
Bonga 6 184,000 5 158,333
Bonny 5 153,000 5 151,667
Light*
Brass 5 115,000
River
EA 1 31,000
Ebok* none none
Erha 3 92,000 4 126,667
Escravos 6 184,000 5 158,333
Forcados 9 201,000 10 225,000
Okono
Okwori 1 113,000
Pennington 1 31000
Qua Iboe 6 184000 8 253,333
Usan* 2 62000 3 100,000
Okwuibome* 1 32,000
Yoho 1 31000 2 41,667
Total 57 1.73 48 1.41
