Angola plans to export at least 1.61mb/d of crude oil in January, according to a preliminary export plan. An initial loading plan issued mid November showed 52 cargoes scheduled to load in January, compared with a revised December loading program of 53 cargoes and 1.65mb/d, Reuters reported.
The program does not include any cargoes of Palanca or Gimboa, two grades that are small and not exported every month. The majority of cargoes during January are for Nemba grade oil, with 6 cargoes and about 184,000b/d. While, Dalia grade will ship the most shipments during December, with 7 cargoes and 184,000b/d, according to Hellenic Shipping News.
In related news, Angola had became China’s largest crude supplier for the second time in September, taking the top position from Russia. China had imported 4.19m tons of oil from Angola during September, averaging 1.02mb/d. This was a 45.8% increase when compared to import volumes for the same period in 2015 . Furthermore, China’s demand for Angolan oil, which is cheaper and considered to offer steady supply, was expected to accelerate in October as the refinery preservation period is over.