Ver Angola


Angola estimates production of 1147 million barrels of oil per day in 2022

Angola estimates an average annual production of 1147 million barrels of oil per day for 2022, slightly above last year's forecasts, in the order of 1130 million barrels.


The estimates were advanced this Monday by the chairman of the Board of Directors of the National Agency for Petroleum, Gas and Biofuels (ANPG), Paulino Jerónimo, who indicated that Angola has produced more than 12 million barrels/day in the last 15 days. , having produced an average of 1173 million barrels since the beginning of the year.

The official of the ANPG was speaking in Luanda, during a meeting with journalists that marked the opening of the Jornadas do Mineiro, where the heads of the main government departments linked to oil, gas and mineral resources were present.

Asked about the financial income obtained from the sale of Sonangol's shares in eight blocks and whose winners were selected last week, the president of the state oil company, Sebastião Gaspar Martins, indicated that the value is not closed but should be above 400,000 dollars.

The Sonangol leader also admitted using a new strategy to move forward with the Lobito refinery project, although the executive has not yet found a partner.

"At the moment we are deciding with which entities we are going to form the consortium and shareholder, but we intend to move forward with the project, albeit with initial funds from Sonangol. The decision has been taken and this refinery is moving forward", he guaranteed.

Gaspar Martins also pointed out that the Russian conflict has an impact on Sonangol's logistical process, especially with regard to the purchase of steel materials for the Cabinda refinery, currently under construction, which are being used in the war industry.

The Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, highlighted, on the other hand, the way in which Sonangol is adapting to the energy transition, stressing that the oil company is already involved in solar energy projects (with the Italian multinationals Eni and French Total) and hydrogen, together with German companies.

Diamantino Azevedo took stock of his nearly five-year term at the helm of this ministry, listing the main achievements in the oil and gas sector, as well as in mineral resources.

Angola is one of the world's leading diamond producers and has also begun to explore the potential of other minerals such as lithium, nickel, zinc, niobium, tantalum and rare earth element minerals, used in the electric car industry.


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