W. Africa Crude-Angolan trades, IOC takes 2 mln barrels

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LONDON, Oct 5  – October loadings of crude for Asia slipped, led by a decline in Chinese buying. Sonangol sold two cargoes after lowering the differentials, but traders said Angolan differentials needed to move lower for more of the programme to clear.

ANGOLA

* Around 25 cargoes from the November and October programmes were yet to trade, sources said.

* State oil company Sonangol sold its Dalia and Olombendo. It had been offering at dated Brent plus 15 cents and plus $1.00, respectively.

* China’s Unipec continued to offer Dalia at flat to dated Brent, but lowered its Plutonio and Nemba offers by 15 cents to a 50 cent premium and a 20 cent premium, respectively. It was also offering Saturno at dated minus 35 cents.

* It offered Congolese Djeno at a 35 cent discount to dated Brent, down from minus 20 cents on Wednesday.

NIGERIA

* Nigerian differentials were underpinned by loading delays and relatively small export plans for November.

* There was no Bonny Light loading schedule for November, and traders said it was unlikely to be issued before Aiteo’s Nembe Creek Trunk Line pipeline returned.

* Aiteo said repairs were underway and it could be back by next week. Bonny Light remained under force majeure.

TENDERS

* India’s MRPL issued a tender to buy crude oil loading Nov. 15-30.

* Indian Oil Corp took a cargo of Kissange and a cargo of Agbami from Chevron in its tender to buy oil. It was not immediately clear if it took other cargoes as well. (Reporting by Libby George; Editing by Mark Potter)(Reuters)

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