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Angola to Export 1.13m b/d of Crude in Dec

OIL

Angola is set to export 1.13m b/d of crude in December, based on an initial loading programme seen by Bloomberg.

  • The total comprises 35.025m bbl across 37 cargoes, Bloomberg reported. The finalised programme will be released later in October.
  • This is up from the 1.1m b/d of exports in November, based on the final loading plan.
  • In the longer term, Angolan projects may be looking for additional international investors, including from Russia, according to TASS.
  • "Angola currently has proven reserves of oil in the amount of 8.2 bln barrels and of gas equaling 13.2 trillion cubic feet. Blocs of a number of major fields have been offered for development with the participation of foreign investors. Angola is interested both in the Russian capital and in the knowledge of Russian specialists," a representative of the Angolan delegation at the African Energy Week told TASS.
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