Our site uses cookies to facilitate your visit. By continuing, you agree to our use of cookies.

Cookie compliance notification

List of Cookies used on Argus Media

Analytics Cookie

These cookies allow us to count page visits and traffic sources so we can measure and improve the performance of our site, using a service provided by Google Analytics. The analytical cookies are non-intrusive, which explains why they are already set when a user accesses this website.

Cookies used: __utma, __utmb, __utmc, __utmz, __SC_ANALYTICS_GLOBAL_COOKIE, __SC_ANALYTICS_SESSION_COOKIE

Compliance Cookies

This cookie is placed if you click the Hide button in this message. It tells us you have read the message and stops this message from displaying.

Cookies used: CookieLawCompliance

Functional Cookies

These cookies are used to enable core site functionality like login and logout. They do not contain any personal information and are automatically deleted when you close your browser.



In Japan? You can go to Argus Japan


Nigeria October exports lowest this year

23 Aug 2012, 11.44 am GMT

Nigeria October exports lowest this year

London, 23 August (Argus) — Nigeria will export 2mn b/d of crude in October, little changed on September and far from state-owned NNPC's recent claim of 2.7mn b/d crude production.

The 2mn b/d figure, excluding condensates, is the lowest this year against highs in March and April of 2.4mn b/d for Nigerian exports.

Crude oil theft from pipelines, remains a significant problem in the country with 180,000 b/d estimated to be lost.

Bonny Light suffered a three month force majeure from May to the end of July after repeated pipeline attacks, causing reduced output through the summer for the key grade.

Other light sweet grades, including Amenam and Antan, are suffering lower than average production.

At the beginning of August, NNPC said crude production hit 2.7mn b/d for the first time, citing the success of new security measures in the Niger Delta in preventing crude theft.

Send comments to feedback@argusmedia.com
jw/ts 3.1

If you would like to review other ArgusMedia.com content options, request more information about Argus' energy news, data and analysis services.

Copyright © 2012 Argus Media Ltd - www.ArgusMedia.com - All rights reserved.

View more news articles

Share this page

Contact Us

Request a callback

I agree to the Argus privacy policy