Nigeria’s Crude Export Rises After four Months

After four months, Nigeria’s crude exports rose for the first time in July, reports have said. This was due to Shells lifting of export restrictions on key Bonny Light grade on the one hand, and the vessel tracking data obtained from the Bloomberg Terminal show.

According to the report, total exports rose to 1.64m barrels per day (b/d) that month, as opposed to the 1.61m b/d the previous month. On the other hand, Akpo condensate shipments, which is not included in the figure above, rose to 123, 000 b/d versus 95, 000 b/d in June. Combined crude and condensate exports rose to 1.762m b/d from revised 1.688m b/d.

The biggest crude export rises were for Brass, Bonny and Forcados, Bonny Light increased to 127, 000 b/d in July from 87, 000 b/d in June Forcados flows were 204, 000 b/d versus 162, 000. Brass exports rose to 98, 000 b/d versus 32, 000 in June.