Nigerian crude exports to rise in January ' Report

Nigeria is set to load around 1.93 million barrels of crude oil per day in January, according to provisional loading programmes, up slightly from planned levels last month due to higher supplies of the benchmark Qua Iboe grade.Reuters reported that planned exports were 1.9 million bpd in December, although traders said actual exports would likely be higher because of three late additions to the Bonny Light loading programme.According to the report, the total volumes from Nigeria will amount to 60 million barrels in January, loading on 68 tankers.The light, sweet Qua Iboe grade, is set to load 13 tankers compared with the typical 11 or 12."Qua supplies are looking quite good but some might not be fresh production," a West African crude trader said.One of the January Qua Iboe tankers is likely to be a delayed vessel originally belonging to ExxonMobil from the December programme.Still, exports are considerably below the annual peak of 2.29 million bpd planned for August, with the Bonny and Escravos grades showing lower volumes.
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