Loading Programmes Show Nigeria’s Dec Crude Oil Exports Ready to Slide

Loading Programmes Show Nigeria’s Dec Crude Oil Exports Ready to Slide

Nigeria’s crude oil exports in December are set to fall from the level planned for the month earlier as maintenance on one field and persistent problems with pipelines hit exports.

The loading programme of 55 cargoes, for a total of 1.63 million barrels per day (bpd), is compared with 63 cargoes in November totalling 1.89 million bpd.

Some November Forcados exports were pushed into December, trade sources said, after another attack on the Trans Forcados pipeline, meaning the decline in exports is smaller than the initial plans suggest.

But maintenance work on the Agbami field that cut exports in half in December, along with a significantly smaller export plan for Brass River, a grade under force majeure due to pipeline attacks, mean exports are likely to be somewhat lower.

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