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W. Africa Crude-Angolan June programme emerges

PUBLISHED: Fri, 16 Apr 2021 15:09:46 GMT

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LONDON, April 16 (Reuters) – An Indian tender took at least five cargoes of Nigerian crude on Friday, while Angola is set to increase its exports in June.

* Angola will export at least 36 cargoes in June, up from 34 in May, a preliminary programme showed. The Gindungo plan has still not emerged and will likely make the total programme bigger.

* About 10 May loading cargoes of Angolan crude were still available. Angolan Clov and Nemba were last offered for around minus $1, Dalia for minus 50 cents and Cabinda at dated Brent flat.

* India’s IOC closed two buy tenders for June loading on Thursday. Chevron, Shell, Exxon Mobil and Total were the winners, traders said. Shell was said to have won with Bonny Light, Exxon a cargo of Qua Iboe, Total a cargo of Akpo and Chevron cargoes of Agbami and Escravos.

* IOC also took some Upper Zakum and Das Blend.

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* Global commodities trader Trafigura has agreed to buy Angolan state oil giant Sonangol’s 31.78% stake in loss-making Puma Energy for $600 million in a step towards raising its holding to more than 90%. (Reporting by Julia Payne; Editing by Shinjini Ganguli) ))

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