Ver Angola

Energy

Sonangol with savings of 162 million dollars on imported refined products in the first quarter

A total of 162 million dollars was how much Sonangol saved in the first three months of this year on imports of refined diesel and gasoline, which registered a decline.

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According to data presented this Tuesday by the chairman of the Executive Board of Sonangol, Luís Manuel, 535.5 thousand metric tons were imported, amounting to US$464.44 million, writes Angop.

In the period under analysis, there was a decline in the order of 324 thousand metric tons of refined products. This number came, in a way, to relieve the company's funds compared to the last quarter of 2021, when expenses reached 625.8 million dollars with the import of 858.7 thousand metric tons.

Cited by Angop, the official pointed out, as reasons for this decline, the decrease in consumption of refined products compared to the last three months of last year.

Regarding exports – such as refined products and Liquefied Petroleum Gas (LPG) – there was an amount of around 227 thousand metric tons, which resulted in a growth of 10 thousand metric tons compared to the last quarter of 2021.

According to the data, cited by Angop, the sale of exported products generated gross revenue of around US$164.13 million, representing an increase of around US$30 million compared to the revenue achieved in the comparative period.

In terms of sales, the flagship oil company sold 41.08 million barrels of oil to the international market – translating into a growth of around one billion barrels compared to the last quarter of 2021 – which generated a cash inflow of 4, 22 billion dollars.

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