Wednesday, May 26, 2010

Nigeria To Export 7 Forcados Oil Cargoes In July - Trade

LONDON (Dow Jones)--Nigeria plans to export seven cargoes of Forcados crude and six of Bonga crude in July, traders who had seen details of the provisional plans said Tuesday.

Almost half of the 18 loading plans for July have now filtered through to traders in the physical market but grades including Erha and a final version of EA crude are expected to take another day to materialize.

A series of disruption to production at key fields in recent weeks is likely the reason loading schedules have emerged so slowly, traders said.

The force majeure on May and June exports of Bonny Light was lifted at the start of this week, but forces majeure remain in place for other grades following unplanned outages in recent weeks.

-By Angela Henshall, Dow Jones Newswires; +44 (0)20 7842 9285;

No comments:

Post a Comment