W. Africa Crude-Angolan slow to sell due to freight rates


LONDON, Dec 30 (Reuters) – Freight rates continued to climb,
weighing on spot demand, on Monday, while the holiday period has
prompted traders to put off purchases to the new year.

* Angola’s state oil company Sonangol was still offering two
Dalia cargoes at dated Brent plus $2.90, and a Gindungo at dated
Brent plus $2.00 loading Feb. 15.
* It was also offering a Hungo at dated plus $2.50 loading
Feb. 27 and an Olombendo at dated Brent plus $4.00 loading Feb.
* Several Angolan January loading cargoes were still on
offer on a delivered basis to Asia.
* India’s HPCL has issued a buy tender for cargoes loading
Feb. 10-20 or for March 10-20 delivery, with bids remaining
valid until Dec. 31.

* Venezuelan state oil company PDVSA’s contract to operate
Curacao’s 335,000-barrel-per-day Isla refinery will end on Dec.
31, despite an earlier agreement to extend the contract by a
year, the Caribbean island’s authorities said.
* RdK and industrial commodities conglomerate Klesch Group
have finalized a deal to take over the refinery.

(Reporting by Julia Payne; Editing by Jan Harvey)

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