June 11, 2018 / 2:15 PM / 11 days ago

Nigerian oil exports to fall to 2018 low in July

    LONDON, June 11 (Reuters) - Nigeria's oil exports are
expected to fall in July to just 1.43 million barrels per day
(bpd), loading plans showed on Monday, the lowest level so far
this year.     
    The export plan comprised 48 cargoes, compared with 60
cargoes and a daily rate of 1.796 million bpd in June, due in
part to an outage on the Bonny Light stream, which has been
under force majeure for a month.     
    July's export plan also includes four cargoes of Akpo
condensate with 123,000 bpd, compared with four cargoes in June
with 133,000 bpd. 
    The export plans showed one extra cargo of Agbami than in
June, as well as one more Bonga and an extra Qua Iboe. It also
shows 3 fewer Forcados and one fewer Escravos.
    A number of smaller streams showed no cargoes would load in
July.     
    Nigerian oil export plans are prone to revisions and delays,
with cargoes frequently pushed from one month to the next. 
    
 Grade         July      Barrels    June       Barrels per
               cargoes   per day    cargoes    day
 Abo           none      none       1          23,000
 Agbami        7         220,000    6          195,000
 Amenam        4         122,000    4          127,000
 Antan         none      none       1          32,000
 Bonga         6         184,000    5          158,000
 Bonny Light*                       6          195,000
 Brass River   4         99,000     5          88,000
 EA            none      none       none       none
 Ebok*                              1          22,000
 Erha          5         153,000    4          127,000
 Escravos      5         153,000    6          190,000
 Forcados      7         195,000    10         289,000
 Okono         none      none       none       none
 Okwori        none      none       none       none
 Oyo*                                          
 Pennington    1         31,000     1          32,000
 Qua Iboe      9         276,000    8          245,000
 Usan*                              2          67,000
 Okwuibome*                                    
 Yoho          none      none       1          32,000
 Total         48        1.43(mln)  60         1.79 (mln)
 * Programme not available

 (Reporting by Amanda Cooper; Editing by Adrian Croft)
  
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