Ver Angola

Energy

National oil revenues fell 20 percent in June

Angola produced 34.8 million barrels of oil in June and collected 714.38 billion kwanzas in this period, a reduction of 20 percent compared to the previous month, according to official data.

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According to data from the Department of Public Finance Statistics of the Ministry of Finance, consulted this Tuesday by Lusa, a barrel of oil in June was sold at a price of 81.30 dollars, compared to 87.69 dollars the previous month.

According to the National Agency for Oil, Gas and Biofuels (ANPG), the national concessionaire, oil production for the month of June was 34,869,388 barrels, corresponding to a daily average of 1.162 million barrels, compared to the 1.121 million expected.

The concessionaire's revenues fell by 26.15 percent to 491.13 billion kwanzas, while taxes on oil production fell by 22.54 percent to 27.46 billion kwanzas.

Twelve drilling units were in operation and work was carried out on 32 oil wells in June.

Associated gas production during the same period was 82.965 million cubic feet, corresponding to a daily average of 2.765 million feet, most of which was made available to the Angola LNG (liquefied natural gas) factory, says ANPG.

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