Africa Oil & Gas: Angola is main oil crude supplier of independent refineries in China in October

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Angola overtook Russia in October to become the main supplier of crude oil to independent refineries in China, according to S&P Global Platts, which added that the United States was in the list of top ten suppliers for the first time.

S&P Global platts also said that the 10 main independent refineries in China imported 1.493 million tonness (365.000 million bbl/day) from Angola in October, a monthly increase of 7.5%, whereas Russia supplied 1.491 million tonnes.

The Shandong Jincheng Petrochemical and Shandong Qingyuan Group Co refineries were, according to S&PGlobal Platts, the main importers of Angolan oil in October.

From January to October Russia was the main supplier to independent refineries, with 15 million tonnes, an increase of 124% on year, with total imports amounting  to 78.44 million tonnes.

Overall, in September Russia was the main supplier of crude oil to China, with a market share of 13%, followed by Angola with 12% and Saudi Arabia with 11%, according to the monthly report on the oil market for October released by the Organization of Petroleum Exporting Countries (OPEC).

In September Angola was the second-largest oil producer in Africa, both based on secondary sources and direct communication, and Nigeria remained in first place.

Based on secondary sources Angolan production in September fell by 2,900 barrels per day to 1.641 million, while Nigeria increased by 50,800 barrels per day to 1.855 million.

Angolan production fell by 23,000 barrels per day to 1.657 million based on direct communication, and in this case no figures were provided by Nigeria. (source: Macauhub)

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