February 24, 2020 / 4:46 PM / 3 months ago

W. Africa Crude-Programmes for some key Nigerian grades slow to emerge

    LONDON, Feb 24 (Reuters) - A handful of Nigerian programmes
were still outstanding on Monday while Taiwan took some west
African crude. 
    * Nigeria's Bonga programme had yet to emerge, lagging
behind other major grades. Schedules for a few small streams
were also missing, such as Abo, Pennington and Okono.
    * Angolan cargoes for March were largely sold out, traders
    * State-owned Sonangol was offering four April-loading
cargoes - Dalia, Cabinda, Girassol and Sangos. 
    * Taiwan's CPC took several cargoes of U.S. crude and a
cargo of Forcados in its latest buy tender for April arrival.

    * South African petrochemicals group Sasol's         
half-year profits plunged, sending shares to a 14-year low on
Monday, hit by problems at its Lake Charles Chemicals project
and a doftening in prices for chemicals and Brent crude.
    * Indian refining companies are snapping up rare crude
grades as the coronavirus outbreak curtails Chinese demand,
executives and traders said, with prices for some grades falling
by as much as 15%.             
    * Nigeria's economic growth rose to an annual rate of 2.55%
in the three months to Dec. 31, its highest quarterly growth
since a 2016 recession, the statistics office said on Monday.

 (Reporting by Julia Payne
Editing by David Goodman)
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