LONDON - Angola's
daily crude oil exports are set to rise in February to at least 1.82
million barrels per day (bpd), according to a provisional loading
programme seen by Reuters on Friday, leaving them significantly above
the 2011 average.
Average export volumes for 2011 stood at 1.63 million bpd, according to Reuters calculations. The figures also represent a hike from the 1.67 million bpd originally planned for January.
Angola is Africa's second largest oil producer after Nigeria which regularly exports around 2 million bpd each month.
Daily volumes are up due partly to the fact that February is a short month, but even on an aggregate basis volumes are high at around 53 million barrels set to be loaded on 55 tankers, the programme showed.
The programme did not include volumes of the Gimboa grade which typically accounts for one tanker of 950,000 barrels a month. Export programmes are frequently revised and final volumes can differ slightly from the initial schedules.
Volumes of the Hungo and Kuito grades are set to be higher in February, with each stream loading one extra tanker versus the previous month.
But this was partly offset by a small dip in volumes on the new Pazflor grade, which first appeared on the spot market for October lifting, from six cargoes to five.
Pazflor production is set to plateau at around 220,000 bpd, industry sources say, implying a monthly export rate of about seven cargoes.
(Reuters)
Average export volumes for 2011 stood at 1.63 million bpd, according to Reuters calculations. The figures also represent a hike from the 1.67 million bpd originally planned for January.
Angola is Africa's second largest oil producer after Nigeria which regularly exports around 2 million bpd each month.
Daily volumes are up due partly to the fact that February is a short month, but even on an aggregate basis volumes are high at around 53 million barrels set to be loaded on 55 tankers, the programme showed.
The programme did not include volumes of the Gimboa grade which typically accounts for one tanker of 950,000 barrels a month. Export programmes are frequently revised and final volumes can differ slightly from the initial schedules.
Volumes of the Hungo and Kuito grades are set to be higher in February, with each stream loading one extra tanker versus the previous month.
But this was partly offset by a small dip in volumes on the new Pazflor grade, which first appeared on the spot market for October lifting, from six cargoes to five.
Pazflor production is set to plateau at around 220,000 bpd, industry sources say, implying a monthly export rate of about seven cargoes.
(Reuters)
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