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W. Africa Crude-Angolan exports set to rise, IOC takes West African crude

Published 18/01/2021, 17:43
Updated 18/01/2021, 17:48
© Reuters.

© Reuters.

LONDON, Jan 18 (Reuters) - Angola's state oil company
Sonangol published a provisional export plan for March while
India bought several West African cargoes.

* Angola is set to export 36 crude cargoes in March, up by
three from the final export plan for February.
* At least five Angolan cargoes remain unsold for loading in
February amid slow Chinese demand.
* India's IOC closed two tenders for crude loading on March
1-10 and 4-13. Traders said refiners took five cargoes with one
specifying that Vitol and Total were the winners.
* At least four of the five cargoes were West African,
likely all Nigerian, crude with the last being Middle East
crude, traders said.
* Indonesia's Pertamina closed a tender for April arriving
crude on Monday, but results did not immediately emerge.
* A resumption of exports at Exxon Mobil's XOM.N Qua Iboe
stream had yet to be announced after being offline for over a
month, but the lifting of force majeure is expected immediately.

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an onshore Oil Mining Lease (OML) - 17 block - to Nigeria's TNOG
Oil & Gas Limited for about $180 million, the French energy firm
said on Monday. * Kazakh CPC Blend oil BFO-CPC supply to Asia has rebounded
amid improved naphtha margins and competitive pricing after
drying up in the second half of 2020, four traders said on
Monday.

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