Angola, Africa’s second-largest oil producer, will cut exports of Saturno crude in February to one cargo of 950,000 barrels, one less than January, according to a preliminary loading program obtained by Bloomberg News.
This is the third month that Saturno has been exported. The grade is produced from BP Plc (BP/)’s PSVM project, an abbreviation for Plutao, Saturno, Venus and Marte fields, that has a target output of 150,000 barrels a day, the company said on Nov. 1.
Loading programs are monthly schedules of crude shipments compiled by field operators to allow buyers and sellers to plan their supply and trading activities.
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