WAfrica Crude-Nigerian weaker, Angolan firm

* Qua Iboe slips towards $1.10, down another 5-10 cents

* Angolan values still firm on Asian demand

* Market awaits award of Indian IOC buying tender

LONDON, July 2 (Reuters) - Light-heavy crude oil
differentials were squeezed further on Thursday as Nigerian
crude values came under pressure but heavier Angolan barrels
maintained their value or even strengthened.

Traders awaited an award in the latest crude oil buying
tender from Indian Oil Corp and noted the announcement of
another buying tender by Indian Bharat Petroleum (see below).

Traders said Chinese buying of West African cargoes was
continuing apace and one dealer said he had already identified
at least 30 million barrels of crude from the region heading to
Chinese ports for August loading.

NIGERIA

* The weight of benchmark Qua Iboe crude cargoes available
for August appears to be taking its toll on values with Vitol
again reported to be offering its Aug. 24-25 cargo at around
dated BFOE plus $1.20 and at least one other seller considering
around plus $1.10.

Bids were said to be around plus $1.00. Exxon sold its Aug.
20-21 Qua Iboe at dated BFOE plus $1.15 to Conoco, traders said,
although the level was not confirmed. Exxon was also reported to
have sold its Aug. 11-12 on Thursday.

* Six Bonny Light cargoes are now expected to load in August
-- three new cargoes and three delayed from July -- and values
are said to be around dated BFOE plus 80 cents.

* Brass River was assessed around dated BFOE plus 80 cents
or a little lower.

* Shell was reported to have sold a Bonga for Aug. 30-31,
possibly at around dated BFOE plus $1.20, a level shown as an
offer by Arcadia for a similar cargo loading in August. The
buyer and price paid for the Shell cargo were not disclosed.

* Shell was also reported to have sold an Erha cargo for
Aug. 9-10 loading to an unidentified buyer. Arcadia was said to
be offered an Erha at dated BFOE plus $1.35 and bids were seen
around plus $1.10.

ANGOLAN/OTHER AAFRICAN GRADES

* Unipec's selling price for an Aug. 7-8 cargo of Cabinda
sold into CPC Taiwan buying tender was reported to be as high as
dated BFOE minus 10-20 cents, although this was not confirmed.

* The Congolese Djeno sold by Mercuria to CPC Taiwan was
reported to have been priced at around dated minus $2.00.

ASIAN TENDERS

* Two tenders from India's largest state-owned refiner
Indian Oil Corp (IOC) to buy 3.0 million barrels of sweet crude
in total for loading in end-August and September were expected
to be announced later on Thursday.

* India's Bharat Petroleum Corp issued a tender on Thursday
to import up to 3 million barrels of crude for deliveries in
August-September. The refiner is seeking up to 2 million barrels
of sweet crude for August-September deliveries and 1 million
barrels of sour grade for September loading. Grade offers are
due on Wednesday next week with price offers due on Thursday,
and they remain valid until Friday, they said. [nDEL492662]
(Reporting by Christopher Johnson; editing by Sue Thomas)