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W. Africa Crude-Angolan cargoes sell, tender results emerge

Published 10/01/2020, 17:58
Updated 10/01/2020, 18:00
© Reuters.  W. Africa Crude-Angolan cargoes sell, tender results emerge

LONDON, Jan 10 (Reuters) - Angolan cargoes are selling more

rapidly as prices have come down and loading programmes are due

next week.

* Angolan state oil company Sonangol sold its cargo of Dalia

for around dated Brent plus $2.20.

* It now only has two cargoes left to sell for loading in

February, a Gindungo and a Hungo, after selling three on

Thursday - some of its slowest sales of spot cargoes in months.

* Around 10 cargoes remain for export in February, and none

of the term cargoes re-offered in the Platts window were heard

to have been sold to new customers.

* Vitol and Chevron were among the awardees for a tender for

India's IOC, delivering Nigerian Amenam, Egina and Escravos.

* Vitol, Total and Trafigura satisfied a tender from

Indonesia's Pertamina for 3 million barrels of crude.

* Nigerian Bonny Light and Qua Iboe were being offered at

around dated Brent plus $3.20, Egina for $5.50 and Forcados for

$3.90.

RELATED NEWS

* Angolan billionaire and former first daughter Isabel Dos

Santos decried a New Year's Eve court order to freeze her vast

assets as a "witch hunt" engineered to weaken her father's

influence and distract from economic failures. * India's oil demand growth is set to overtake China by

mid-2020s, priming the country for more refinery investment but

making it more vulnerable to supply disruption in the Middle

East, the International Energy Agency (IEA) said on Friday.

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