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Home Business News Politics

[SEE BREAKDOWN] Nigeria’s Crude Export Is Expected to Drop By 10%

Nairametrics by Nairametrics
September 23, 2015
in Politics
Oil Price tumbles to a 4 month low, as U.S-China trade tension heightens
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Total exports of Nigerian crude were expected to fall by roughly 10 percent in November from the
annual high hit the previous month. Nigeria plans to export a total of 56.66 million barrels of oil, or 1.89 million barrels (bpd) of crude oil in November, according to provisional loading programmes.
This is a decline from the 63.1 million barrels, or 2.04 million bpd, planned initially for October loading. On a per-day basis, the November programme is on track to be the lowest since
July.

 

Grade        Cargoes      Barrels total  Barrels per
                           (in millions)  day**
 Abo          1            0.7            23,000
 Agbami       7            6.8            228,000
 Amenam       2            1.9            63,000
 Antan        2            1.4            47,000
 Bonga        6            5.7            190,000
 Bonny        5            4.85           162,000
 Brass River  5            3.98           133,000
 EA           1            .95            32,000
 Ebok*        0
 Erha         3            2.99           100,000
 Escravos     6            5.7            190,000
 Forcados     6            5.9            197,000
 Okono*
 Okwori*      1            .65            22,000
 Oyo*
 Pennington*
 Qua          11           10.15          338,000
 Usan         4            4              133,000
 Yoho         2            .95            32,000
 TOTAL        62           56.66          1.89 million
 *Information not yet available
**Totals rounded and might not add

 

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