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Angola to Cut February Saturno Crude Exports to One Cargo

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Dec. 20 (Bloomberg) -- Angola, Africa’s second-largest oil producer, will cut exports of Saturno crude in February to one cargo of 950,000 barrels, one less than January, according to a preliminary loading program obtained by Bloomberg News.

This is the third month that Saturno has been exported. The grade is produced from BP Plc’s PSVM project, an abbreviation for Plutao, Saturno, Venus and Marte fields, that has a target output of 150,000 barrels a day, the company said on Nov. 1.

Loading programs are monthly schedules of crude shipments compiled by field operators to allow buyers and sellers to plan their supply and trading activities.

To contact the reporter on this story: Rupert Rowling in London at rrowling@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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