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RTRS: Angolan oil exports to rise slightly in January
 
By Christopher Johnson

LONDON (Reuters) - Angola will export around 1.83 million barrels per day (bpd) of crude oil in January, up slightly from 1.81 million bpd in December, a provisional loading programme showed on Tuesday.

A total of 60 full or part cargoes are due to load crude oil from the 13 Angolan production streams in January, one more than in December.

The new programme again puts Angola's crude oil sales well above its target as a member of the Organization of the Petroleum Exporting Countries (OPEC), which has been trying to restrict oil production to stabilise prices in the wake of the global economic slowdown.

Angola, which hosts an OPEC meeting on December 22 in its capital, Luanda, has said its OPEC target is 1.656 million bpd. But an OPEC internal document widely quoted by industry sources suggests Angola's limit is 1.52 million bpd.

OPEC's adherence to targets has slipped this year as oil prices have recovered. Besides Angola, Nigeria, Iran and Venezuela have also been exceeding their OPEC output limits significantly, according to industry estimates.

Benchmark U.S. crude oil futures prices hit a 2009 high of $82 per barrel last month and were trading near $78.50 on Tuesday.

Angola's January daily average will be below the 1.93 million bpd it exported in October, which was the 2009 record.

Angola now vies with Nigeria as Africa's largest crude exporter, having overtaken its rival briefly earlier this year.

The January loading schedule for Angola includes nine Nemba cargoes, eight Girassol, eight Dalia, seven Cabinda, seven Hungo and seven Kissanje cargoes.

January will see no cargo of Angola's new Gimboa crude oil grade loading. Traders said the next Gimboa cargo was expected to load early in February.

Source