Economic Calendar

Friday, October 3, 2008

Angola Adds Two Dalia Crude Cargoes in November, Drops a Hungo

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By Alexander Kwiatkowski

Oct. 3 (Bloomberg) -- Angola, vying with Nigeria to be Africa's biggest producer, will export two more Dalia crude cargoes than originally scheduled in November, and one fewer Hungo shipment.

Revised loading schedules show eight Dalia cargoes, totaling 7.6 million barrels, or 253,333 barrels a day, will be shipped in November. Original schedules included six cargoes.

Seven shipments of Hungo crude will now load, totaling 6.7 million barrels or 221,667 barrels a day, according to the new schedule. A cargo loading on Nov. 29 belonging to state-run Sonangol SA was dropped from the original program.

The revisions boost Angola's forecast exports in November to 1.79 million barrels a day from 1.76 million barrels a day. That is 10.3 percent lower than October.

Oil from Angola accounted for about 5 percent of total U.S. crude imports in 2007, or 496,000 barrels a day, according to the Energy Information Administration.

To contact the reporters on this story: Alexander Kwiatkowski in London at akwiatkowsk2@bloomberg.net;


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