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WAfrica Crude-Angola set to ship Saxi in July

Thu 15 May 2008, 15:26 GMT
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LONDON, May 15 (Reuters) - Exxon Mobil <XOM.N> is scheduled to load its first shipment of Angola's Saxi crude blend in July, traders said on Thursday, as production in the West African country continues to rise.

Angolan export programmes showed the first cargo of Saxi crude to be loaded on July 4-5, traders said. A total of three 950,000-barrel cargoes were scheduled to load in July. Angola's Hungo crude was expected to load nine cargoes, while Kissanje has eight.

Traders reported four Mondo shipments, while Xikobma had no July programme.

India's largest state-owned Indian Oil Corp. issued a tender to buy July-loading sweet crude on top of 8.6 million barrels booked for the month, a trader said.

Grade offers in the tenders are due on Tuesday and price bids will remain valid until Thursday.

In Nigeria, benchmark Qua Iboe crude was last talked at around dated plus $3.85/$3.90. (Reporting by Randy Fabi; Editing by William Hardy)

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