LONDON, Jan 22 (Reuters) - West African crude price differentials were steady on Wednesday, with some sellers predicting a stronger trading cycle for March cargoes as buyers in Asia seek alternative supplies to Russian and Iranian grades after new U.S. sanctions.
* Angola's state oil company Sonangol was expected to finalise its term allocations for March-loading cargoes as early as Thursday, and to then start offering cargoes on a spot basis, one trader said.
* One trader said March cargoes were expected to trade higher or at similar price differentials to February's cargoes.
* Differentials for February-loading Angolan and Nigerian cargoes rose after the U.S. announced new sanctions on Russia on Jan. 10, potentially boosting demand for alternative grades, although they have since steadied.
* Angola will load 32 crude oil cargoes in March, the country's preliminary loading schedules showed, up from 28 in February.
* Nigerian March loading schedules are also in focus this week.
(Reporting by Alex Lawler; editing by David Evans, Elaine Hardcastle)
((alex.lawler@thomsonreuters.com))
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