Bloomberg News

Angola to Boost Crude Oil Exports for August to 34-Month High

June 27, 2012

Angola, Africa’s second-largest oil producer, will increase its crude exports in August to the most in 34 months, after one extra cargo of Kissanje grade was added, according to a final loading program obtained by Bloomberg.

The nation plans to ship 62 consignment totaling 58.96 million barrels, or 1.9 million barrels a day, the most since October 2009, the plan showed. This compares with 51 lots amounting to 1.58 million barrels a day in July.

Kissanje exports were raised to five shipments from the original plan for four, the schedule showed.

Loading programs are monthly schedules 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 listed in multiples of 1,000 barrels.

----------------------------------------------------------------
Grade      Size       Number of cargoes
                        August   July
Cabinda     950         7         6
Dalia       950         7         7
            400         1         0
Gimboa      950         1         0
Girassol  1,000         6         4
Hungo       950         6         5
Kissanje    950         5         4
Kuito       920         2         2
Mondo       950         2         2
Nemba       950         7         7
Palanca     985         2         0
Pazflor     950         7         6
Plutonio  1,000         6         6
Saxi        950         3         2
Total                  62        51
---------------------------------------------------------------

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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