An­gola daily crude to rise in Fe­bru­ary

Weekend Argus (Saturday Edition) - - BUSINESS -

LON­DON: An­gola’s daily crude oil exports are set to rise in Fe­bru­ary to at least 1.82 mil­lion bar­rels per day (bpd), ac­cord­ing to a pro­vi­sional load­ing pro­gramme Reuters saw yes­ter­day, leav­ing them sig­nif­i­cantly above the 2011 av­er­age.

Av­er­age ex­port vol­umes for 2011 stood at 1.63 mil­lion bpd, ac­cord­ing to Reuters cal­cu­la­tions. The fig­ures also rep­re­sent a hike from the 1.67 mil­lion bpd orig­i­nally planned for Jan­uary.

An­gola is Africa’s sec­ond largest oil pro­ducer af­ter Nige­ria which monthly reg­u­larly exports around 2 mil­lion bpd.

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