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W. Africa Crude-Angolan programme awaited, Famfa Oil issues tender

Kitco News

LONDON, Nov 15 (Reuters) - Several buy tenders helped mop up some December loading Nigerian crude on Wednesday, while there was still no sign of Angola's January loading programme.

* Angolan President Joao Lourenco dismissed Isabel dos Santos as chair of the state oil company Sonangol on Wednesday, in a dramatic move against the family of the former president. * Differentials for Nigerian Qua Iboe were under pressure after a cargo injected at the end of November for ExxonMobil was offered at dated Brent plus $1.00 a barrel.

* Offers for December loading cargoes have been higher at around dated Brent plus $1.30 but any deals were thought to be done lower.

* Chevron has sold its cargo of Usan while Total and Shell were still offering at around dated Brent plus 40 cents a barrel.

* A handful of December-loading cargoes were left from the Angolan loading plan.


* Nigeria's Famfa Oil has issued a sell tender for six months worth of Agbami crude loading in 2018, traders said.

* A Turkish Tupras tender to buy a cargo of west African crude was awarded to Glencore, traders said, for a cargo of Nigerian crude.

* India's IOC issued a fresh tender to buy West African crude, for loading from Jan. 10-20, including a range of Nigerian and Angolan grades along with those from Cameroon, Ghana, Gabon and Equatorial Guinea.

* A spot tender from Indonesia's Pertamina was awarded to BP for a cargo of Agbami loading Dec. 4-5, traders said.


* Commodities trader Glencore has offered Chad a grace period from principal repayments on a more than $1 billion cash-for-crude loan and extended the deadline for full repayment to 2025 from 2022, a letter seen by Reuters showed. (Reporting by Julia Payne; Editing by Adrian Croft and Elaine Hardcastle)

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