Asian imports of W.African crude oil jump in Sept

Fri Sep 3, 2010 10:00am GMT
 

LONDON, Sept 3 (Reuters) - Asian imports of West African crude oil will rise sharply in September, due mainly to a substantial increase in purchases by Indian refiners as their processing capacity expands, a Reuters survey showed on Friday.

In total, Asian end-consumers have lined up 1.77 million barrels per day (bpd) of crude oil for loading in September in 56 full or part-cargoes, up from 1.32 million bpd in 43 cargoes loading in August.

Indian buyers, led by state-controlled refiner Indian Oil Corp. (IOC), have taken a total of 26 cargoes of West African crude loading in September, mostly from Nigeria, the highest total recorded in more than two-and-a-half years, according to Reuters data. In August, Indian buyers imported only 10 cargoes.

Chinese buyers bought a similar volume of crude for September loading, but mostly preferred oil from Angola and also took barrels from Equatorial Guinea, the survey of oil companies and shippers showed.

In the third quarter on average, Asian buyers have imported 1.67 million bpd of West African crude, down from 1.73 million bpd in the second quarter but up from 1.53 million bpd in the third quarter of last year, Reuters data show. (Reporting by Christopher Johnson; editing by Dmitry Zhdannikov)

Libya's former leader Muammar Gaddafi (L) welcomes Egypt's former President Hosni Mubarak as he arrives to attend a meeting involving five Arab states in Tripoli June 28, 2010. REUTERS/Stringer
Will 2012 see more strong men of Africa leave office?

There are many reasons for being angry with Africa ’s strong men, whose autocratic ways have thrust some African countries back into the eye of the storm and threatened to undo the democratic gains in other parts of the continent of the past decades.  Blog 

 
Kenyan troops patrol the Garrisa airstrip October 18, 2011. Al Qaeda-linked militants prepared to defend a south Somali town on Tuesday from advancing Kenyan and government troops, while a suicide car bomb killed six people in Mogadishu during a visit by a Kenyan minister.  REUTERS/Gregory Olando
Operation Somalia: The U.S., Ethiopia and now Kenya

Ethiopia did it five years ago, the Americans a while back. Now Kenya has rolled tanks and troops across its arid frontier into lawless Somalia, in another campaign to stamp out a rag-tag militia of Islamist rebels that has stoked terror throughout the region with threats of strikes.  Blog 

 
New recruits belonging to Somalia's al-Qaeda-linked al Shabaab rebel group march during a passing out parade at a military training base in Afgoye, west of the capital Mogadishu February 17, 2011. REUTERS/Feisal Omar
Could Islamist rebels undermine change in Africa?

Creeping from the periphery in Africa’s east and west, Islamist militant groups now pose serious security challenges to key countries and potentially even a threat to the continent’s new success.  Blog 

 
A disabled Somali refugee child crawls from their makeshift house at the Ifo camp near Daadab, about 80km (50 miles) from Liboi on the border with Somalia in north-eastern Kenya, February 4, 2009. The growing flow of Somalis fleeing conflict at home has led to overcrowding in refugee camps in neighbouring Kenya and the United Nations expects the influx to continue, an official said. REUTERS/Noor Khamis
The children of Dadaab: Life through the lens

Through my video “The children of Dadaab: Life through the Lens” I wanted to tell the story of the Somali children living in Kenya’s Dadaab. Living in the world’s largest refugee camp, they are the ones bearing the brunt of Africa’s worst famine in sixty years.  Blog 

 
Zimbabwe's President Robert Mugabe (R) and his Equatorial Guinea counterpart Teodoro Obiang Nguema Mbasogo arrive for the opening of the Harare Agricultural Show, August 31, 2007. President Robert Mugabe on Friday imposed a new law on Zimbabwean businesses banning them from raising wages to keep pace with the world's highest inflation. REUTERS/Philimon Bulawayo
Who among the seven longest serving African leaders will be deposed next?

Several African leaders watching news of the death of Africa ’s longest serving leader are wondering who among them is next and how they will leave office.  Blog 

 
Tibet's exiled spiritual leader the Dalai Lama jokes with photographers during a news conference  in Sao Paulo September 16, 2011.  REUTERS/Nacho Doce
Was South Africa right to deny Dalai Lama a visa?

Given that China is South Africa’s biggest trading partner and given the close relationship between Beijing and the ruling African National Congress, it didn’t come as a huge surprise that South Africa was in no hurry to issue a visa to the Dalai Lama.  Blog 

 
 
Powered by Reuters AlertNet. AlertNet provides news, images and insight from the world's disasters and conflicts and is brought to you by Reuters Foundation.