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Share Price:
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499.75
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499.90
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Don't have an account? Click here to register.2nd UPDATE: Angola Plans To Export 45 Crude Cargoes In Sept
Fri, 16th Jul 2010 12:35
(Updates Girassol cargoes and adds quotes from BP.) By Sherry Su Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Angola plans to export at least 45 cargoes of crude oil for September loading, traders who had seen provisional loading programs said Friday. The total volume of September cargoes will be 1.42 million barrels a day, much lower than August's 1.83 million barrels a day. Its September plan comprises seven Cabinda, six Dalia, two Girassol, five Hungo, five Kissanje, two Kuito, three Mondo, eight Nemba, one Palanca, three Plutonio, two Saxi, and one Xikomba, they said. The final programs will be released this month. The sharp decline in exports is mainly due to lower output of Girassol and Plutonio, traders said. The two cargoes of Girassol for early September loading were carried over from August, mainly due to a force majeure declared by Total SA (TOT) this week. It is unclear when Total will lift the force majeure. Exports of Plutonio crude will drop sharply to three cargoes in September from August's seven, partly due to planned maintenance in the second half of September, traders said. A spokesman of BP PLC (BP), the operator of Plutonio field, declined to comment on planned maintenance and routine operations. The following table lists the number of cargoes scheduled to load for each crude oil grade in September. Grade Size ('000 bbl) Sep* Aug Cabinda 950 7 7 Dalia 950 6 8 Gimboa 950 0 1 Girassol 1,000 2 5 Hungo 950 5 6 Kissanje 950 5 7 Kuito 920 2 2 Mondo 950 3 2 Nemba 950 8 10 Palanca 985 1 1 Plutonio 1,000 3 7 Saxi 950 2 3 Xikomba 500 1 0 Total number of cargoes 45 59 Total volumes ('000 bbl) 42,525 56,625 Daily volumes (mln b/d) 1.42 1.83 * Provisional -By Sherry Su, Dow Jones Newswires; +44(0)20-7842-9329; sherry.su@dowjones.com (END) Dow Jones Newswires July 16, 2010 07:35 ET (11:35 GMT)
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