Angola will increase its April crude oil exports to 1.691mb/d, according to its provisional loading plan, reported Reuters.
The exports contain 53 cargoes that include the first of Olombendo crude oil from the East Pole field that Eni, the oil major Eni has launched this year.
The April plan includes two 950,000b cargoes of the grade as well as 1 cargo added for loading in March. The March export program initially included a total of 1.51mb/d, which would climb to 1.54mb/d with the added cargo of Olombendo. The deep offshore block has a capacity estimated at 38,000 b/d.
Reuters further informed that the initial demand for Angola’s April loading cargoes was strong. The demands came with buying interest emerging across Asia.
In comparison, Nigeria’s April export plans continued to emerge, though trading was muted.
In related news, Angola had remained the largest oil producer in Africa in January, overtaking Nigeria, according to the February issue of the monthly newsletter on the oil market released in Vienna by the Organization of Petroleum Exporting Countries (OPEC).