Trading

Overview of Crude Trading Activity

Maurel & Prom has developed a robust crude trading platform that complements its upstream production operations in Africa and South America, enhancing value capture across the hydrocarbon value chain. Trading third-party crudes and optimising cargo liftings are strategic differentiators that support balanced risk management and maximised market access.

Our crude trading desk works closely with producers, refiners, and logistics partners to originate, structure and deliver cargoes tailored to buyer specifications across globally diversified markets.

Crude Specifications and Terminal specs

Gabon

Crude Grade: Rabi Light (and associated blends) – medium-sweet. Rabi light assay link
Typical properties: API gravity ~35-37°, high pour point ~35-40DegC, low sulfur ~0.08-0.14% (indicative) making them attractive to Far East, Mediterranean and Atlantic Coast refiners.
Export Terminal : Cap Lopez (Port-Gentil region) full-service export terminal capable of handling VLCC cargoes, first or second load.

Angola

Crude grade: Palanca: medium-sweet. Palanca assay link
Typical properties: API gravity ~35-38°, sulfur ~0.1-0.3% (indicative) making them attractive to Far East, Mediterranean and Atlantic Coast refiners.
Export/Loading Facilities: Palanca terminal – full-service export terminal capable of handling VLCC cargoes, first or second load.

Venezuela

Crude grade: Merey 16 – typical heavy grades, with variable sulfur content.
Typical properties: API gravity ~15-18°, sulfur ~2-3% (indicative) making them attractive to Far East, Mediterranean and Atlantic Coast refiners.
Export/Loading Facilities: Jose Antonio Anzoategui Terminal (TAECJAA) – full-service export terminal capable of handling VLCC cargoes, first or second load.

Preliminary Lifting Outlook

Rabi Light

Gabon (Cap Lopez) : 950 Kbbl

March, June, September and December 2026

Palanca

Angola (Palanca) : 985 Kbbl

June 2026

Merey 16

Venezuela (Jose) : 1,000 Kbbl

Pending PDVSA, loading program