First Vessel Sails With Nigeria’s Bonga Crude

Crude Oil
  • First Vessel Sails With Nigeria’s Bonga Crude

A cargo of crude oil has sailed from Nigeria’s Bonga terminal for the first time since mid-January as operator, Shell, ramps up production, according to oil analytics firm, Vortexa.

The Suezmax Narmada Spirit left the terminal with a one million barrel cargo and is expected to sail to the Mediterranean, Reuters quoted Vortexa to have said.

The last cargo to leave the terminal, the Sea Garnet, departed on January 17 and discharged at Fos Sur Mer in France.

Bonga operator, Shell Nigeria, said production was gradually increasing after a “brief shutdown” from January 16 to 28 for repairs on a piping system.

Another Suezmax, the Arctic, is set to begin loading at the Bonga terminal on Wednesday and is expected to sail to Europe.

Bonga has a capacity to produce 225,000 barrels per day of oil and 150 million standard cubic feet of gas.

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years' experience as a foreign exchange research analyst and trader. A graduate of University of East London, U.K. and a vivid financial markets analyst.

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