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W. Africa Crude-Angolan cargoes trade, some offers lowered

An overhang of Angolan cargoes for February loading was steadily finding buyers, traders said on Friday, and some sellers were heard to be lowering offers.

ANGOLA
* Chinese demand has been weaker for the latest month’s cargoes and inventories were high, traders said.

* Even so, cargoes were finding buyers and the number of available cargoes had come down to about 14 on Friday, from 16 estimated on Wednesday. Eni sold a cargo of Kissanje this week, a trader said.

* State oil firm Sonangol was still offering two cargoes of Dalia at dated Brent and was heard to have lowered the offer to dated Brent minus 50 cents a barrel, down 20 cents. The cargoes load on Feb. 17-18 and Feb. 23-24.

NIGERIA
* The market had ample supplies, traders said, with at least 20 cargoes available.

* Bonny Light and Qua Iboe were heard to be offered at dated Brent plus $1.80, a level seen as too high by one potential buyer.

TENDERS
* South Africa’s Sasol issued a buy tender for a cargo of west African crude loading mid- to end-February, Reuters reported on Thursday.
Source: Reuters (Reporting By Alex Lawler; Editing by Susan Fenton)

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