19th February 2010
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Angola\'s oil exports will drop in April, loading schedule shows
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Angola, vying with Nigeria to be Africa’s biggest oil producer, plans to ship 3.5 percent fewer crude cargoes in April than in the previous month.
Companies including BP Plc, Europe’s largest oil company, will load 55 cargoes comprising 13 grades, according to a shipping program from state-owned Sonangol SA. That’s fewer than the 57 cargoes the Organization of Petroleum Exporting Countries member is scheduled to load in March.
Luanda-based Sonangol will load 29 of the 55 cargoes in April, six of them Kissanje grade, the program showed. Among non-state companies, BP and Total SA will each load six cargoes and U.S. producers Exxon Mobil Corp. and Chevron Corp. will each load four. A further six cargoes will be shipped by four other companies.
Angola became Africa’s biggest oil producer last year as Nigerian output fell after militants sabotaged its infrastructure and technical problems caused fields to shut. Nigeria regained its lead in November.
by Enresol Information Desk |
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