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Nigeria Plans to Increase Crude Exports

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July 24, 2012

(Bloomberg) — Nigeria, Africa’s largest oil producer, plans to increase exports of Akpo crude to six cargoes of 1 million barrels each in September, one more than August, according to a loading plan obtained by Bloomberg News.

The nation will also export four shipments of Escravos, three Erha and two Yoho, separate plans showed. Cargo sizes range from 950,000 barrels to 985,000 barrels.

Shipping schedules of Amenam and Okono grades weren’t available yet. Loading programs are monthly schedules of crude shipments compiled by field operators to allow buyers and sellers to plan their supply and trading activities.

– Sherry Su, Dow Jones Newswires
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