LONDON: Africa's top oil producer Nigeria is set to export around 1.77 million barrels of oil per day in July, preliminary loading programs showed, leaving exports at a new four-year low.
The latest shipment figures highlights the impact of pipeline thefts and other supply problems that have affected Nigeria's economy, which relies on oil and gas for around 80 percent of revenue.
The program is smaller than usual, largely because of the closure of the Nembe pipeline which is used to transport Bonny Light crude oil, on which Royal Dutch Shell declared force majeure in April.
In June, Nigeria was due to load 1.76 million bpd and the lowest since August 2009, according to Reuters data, although additional cargoes were later added.
Loading programs are preliminary and are often revised as more accurate supply forecasts emerge.
Nigeria oil exports near 4-year low
