Ver Angola


Country cashed in 7.7 million dollars in oil exports at the end of 2022

Angola raised 7.7 billion dollars with the export of 89.2 million barrels of crude oil in the fourth quarter of 2022, the Secretary of State for Petroleum announced this Tuesday.


José Barroso, who was presenting in Luanda the results of the achievements of the oil and gas sector for the last quarter of 2022, noted that in this period a barrel of oil was valued at a weighted average price of 87 dollars.

"During 2022, our country exported approximately 391.92 million barrels of crude oil, sold at an average price of US$101 per barrel, which makes a gross value of around 39.9 billion dollars. Americans," he said.

China and India were the main destinations for domestic crude oil at the end of 2022.

With regard to butane, LNG, propane and condensate gas exports, Angola exported in the fourth quarter of 2022 around 1.07 million metric tons, valued at approximately 1.49 billion dollars.

According to the official, the additional cuts, promoted by the Organization of Petroleum Exporting Countries and allies (OPEC+), to balance the production of crude oil, influenced the prices practiced in that period.


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