Nigeria Crude Oil Exports to Climb in March Following Previous Loading Delays

According to loading programmes compiled by Reuters on Monday, Nigeria’s crude oil exports are on track for a month-on-month rise in March after a string of loading delays pushed back some cargoes, Economic Times reports.

Exports are slated to reach 1.62 million barrels per day (bpd) in March on 55 cargoes, up from a revised February loading schedule of 1.48 million bpd on 46 cargoes.

Shipments of Erha and Qua Iboe that were originally planned to load in February were deferred, adding to the March exports and taking away from the original February plan of 1.62 million bpd

The March increase comes despite only two cargoes of Bonga crude oil. Traders said the field has planned maintenance from mid-February until the end of the month that had cut into exports.

READ Also  Nigeria overnight rate spikes as CBN moves to lure foreign flows
 

Login

Welcome! Login in to your account

Remember me Lost your password?

Lost Password