Sonangol Shipping Angola , a subsidiary of Sonangol Shipping Holdings Limited, responsible for the maritime transport of crude oil (Dirty Oil) and its refined (Clean Products) with Angolan coast waters at its national Oceanic Terminals in the ocean terminals of Cabinda, Soyo, Porto Amboim, Lobito, Namibe and Luanda.
Not all oils are created equal, nevertheless, despite fierce competition from Nigeria’s highly graded oils, Angolan oil sells well in the international markets. This performance can be exemplified by:
Angola’s thirteen main grades of oil have quoted prices. Nemba, Girassol, and Palanca are the best quality crude type (i.e. lowest content of sulfur and asphalt) and trade at a premium to Brent. Crude from Dalia, Kuito, and Cabinda, with heavy content of sulfur and asphalt, normally trade at a discount to Brent.
Cabinda could be regarded as the benchmark Angolan crude and is a reference point for international markets. Platt’s, the commodities reporting company, considers Cabinda grade to be transparent and globally traded.
