Nigeria’s November Crude oil exports set to hit 10-month high

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LONDON, Oct 7 (Reuters) - Nigeria's planned November oil
loading programme shows the highest exports since January, plans
compiled by Reuters showed on Friday, as major oil streams
resume. 
    Plans show 62 cargoes, with 1.88 million barrels per day
(bpd) expected to load during the month, the highest level since
militants bombed the pipeline that exports Forcados crude oil in
February. 
    Before the pipeline was hit, February and March exports were
planned close to 2 million bpd, but nearly all the cargoes of
Forcados were cancelled as the pipeline closed and operator
Shell declared force majeure.
    From February until recently, export plans for a string of
crude oil grades had been patchy and unreliable due to almost
relentless militant attacks that took out pipelines and thus
production in what is typically Africa's largest oil exporter.
 
    While Qua Iboe, Nigeria's largest export stream, and
Forcados remain under force majeure, exports are again planned
for both of them. The first cargo of Qua Iboe since July loaded
earlier this week aboard the South Sea.  
        
 Grade        November    Barrels per  October     Barrels
              cargoes     day          cargoes     per day 
 Abo          1           23,000       1           23,000
 Agbami       8           26,000       8           245,000
 Amenam       1           32,000       2           61,000
 Antan        1           23,000       1           31,000
 Bonga        6           190,000      7           215,000
 Bonny Light  6           175,000      6           189,000
 Brass        5           158,000      6           123,000
 River**                                           
 EA           2           48,000       1           31,000
 Ebok         0           0            0           0
 Erha         5           167,000      4           129,000
 Escravos     5           158,000      5           153,000
 Forcados**   6           171,000      8           216,000
 Okono        1           13,000       1           29,000
 Okwori       1           22,000       1           19,000
 Oyo          0           0            0           0
 Pennington   0           0            0           0
 Qua Iboe**   9           285,000      8           245,000
 Usan         4           133,000      4           123,000
 Yoho         1           32,000       1           31,000
 Total        62          1.89         64          1.86
                          million                  million
 
**Grade under force majeure
        

 (Reporting by Libby George; Editing by Ruth Pitchford)

 

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