Ver Angola


Angola exported less oil in the first quarter of this year

Angola exported 94.4 million barrels of crude oil in the first quarter of this year, 8.43 percent less compared to the fourth quarter of 2023, having raised 7.7 billion dollars, the Government announced.


According to the Secretary of State for Oil and Gas, José Barroso, as in previous quarters, China led the destination of Angola's crude oil exports, with 49.65 percent of the total volume, followed by India (13 .12 percent), Spain (8.76 percent), Indonesia (6.93 percent), France (4.33 percent) and the United States of America (4.11 percent).

The average price of Angolan crude oil was 83.16 dollars per barrel.

Regarding the amount pocketed by the State with the export of crude oil, there was also a decrease of 10 percent, compared to the last quarter of 2023, and an increase of 11.93 percent compared to the same period last year.

Of the volume exported, the National Oil and Gas Agency (concessionaire) leads the list with 26.66 percent, followed by Sonangol (state oil company) with 15.78 percent, and among international companies the most notable are Azule Energy, with 16.25 percent and TotalEnergies with 11.68 percent.

José Barroso, who spoke in the presentation of the results of the Angolan oil and gas industry in the first three months of 2024, highlighted that gas exports, in the period in question, were 966 thousand metric tons, of which 77.64 percent represents o LNG (liquefied natural gas), totaling the value of 393.6 million dollars, of the exported volume.

The official highlighted that although gas exports represented an increase of 0.55 percent, compared to the previous quarter, the value of its commercialization was lower by around 37.48 percent, due to lower prices on the international market.


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