China buys more Angolan crude than Saudi

Angola passed Saudi Arabia to become China’s top oil supplier in February, according to Petromatrix, a Swiss risk-management firm.

Angola shipped 456,000 barrels a day to China in the first two months of the year, Petromatrix said. That is 15 percent of China’s imports and more than what Saudi Arabia and Iran, the top two exporters in the Organization of Petroleum Exporting Countries, supplied. The Republic of the Congo and Equatorial Guinea in West Africa are among China’s 10 largest oil sources.

IHT