W. Africa Crude-Angolan programme emerges

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Oil pumps are seen in Lagunillas, Ciudad Ojeda, in Lake Maracaibo in the state of Zulia, Venezuela, March 20, 2015. REUTERS/Isaac Urrutia

LONDON, Feb 18 – Angola’s latest loading programme
emerged on Tuesday, with the Nigerian schedule expected at the
end of this week.

* Angola is set to export 39 cargoes of crude oil in April,
down from 45 cargoes in March, a preliminary programme showed.

* About six cargoes remained from Angola’s March programme
after western buyers stepped in to take advantage of cheaper
cargoes as Chinese refiners stayed on the sidelines.
* India’s HPCL closed a buy tender for crude loading April
1-10 but results did not immediately emerge.
* Indonesia’s Pertamina closed a buy tender for crude
cargoes for delivery May 1-3. Results are expected in the next
few days.

RELATED NEWS
* The United States on Tuesday tightened financial
restrictions on Venezuela, blacklisting the trading arm of
Russian state oil firm Rosneft that President Donald Trump’s
administration has said provides a lifeline to President Nicolas
Maduro’s government.

(Reporting by Julia Payne; Editing -Angolan programme emerges
LONDON, Feb 18 – Angola’s latest loading programme
emerged on Tuesday, with the Nigerian schedule expected at the
end of this week.

* Angola is set to export 39 cargoes of crude oil in April,
down from 45 cargoes in March, a preliminary programme showed.

* About six cargoes remained from Angola’s March programme
after western buyers stepped in to take advantage of cheaper
cargoes as Chinese refiners stayed on the sidelines.
* India’s HPCL closed a buy tender for crude loading April
1-10 but results did not immediately emerge.
* Indonesia’s Pertamina closed a buy tender for crude
cargoes for delivery May 1-3. Results are expected in the next
few days.

RELATED NEWS
* The United States on Tuesday tightened financial
restrictions on Venezuela, blacklisting the trading arm of
Russian state oil firm Rosneft that President Donald Trump’s
administration has said provides a lifeline to President Nicolas
Maduro’s government.

(Reporting by Julia Payne; Editing

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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