Bloomberg News

Angola to Cut Daily Oil Exports for May by 5%, Final Plan Shows

March 27, 2012

Angola plans to cut daily crude exports by 5 percent in May from next month, according to a final loading program obtained by Bloomberg News.

The west African nation would export 55 cargoes amounting to 1.7 million barrels a day, compared with 56 cargoes totaling 1.79 million in April, the final schedules showed.

One shipment each of Girassol and Plutonio blend was dropped from the preliminary schedule, while one consignment of Hungo was increased to 1 million barrels from 950,000 barrels, according to the plan.

Loading programs are monthly plans of crude shipments compiled by field operators to allow buyers and sellers to plan their supply and trading activities.

Details of the program are as follows. Cargo sizes are in 1,000 barrels.

----------------------------------------------------------------
Grade      Size       Number of cargoes
                        May     April
Cabinda     950         6       7
Dalia       950         7       8
Gimboa      950         1       0
Girassol  1,000         6       7
Hungo     1,000         1       0
            950         4       4
Kissanje  1,000         0       1
            950         4       4
Kuito       920         2       2
Mondo       950         2       2
Nemba       950         8       7
Palanca     985         1       1
Pazflor     950         6       6
Plutonio  1,000         5       5
Saxi        950         2       2
Total cargoes          55      56
---------------------------------------------------------------

To contact the reporter on this story: Sherry Su in London at lsu23@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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