According to oil and gas production data for the second quarter of 2025, released this Thursday by the Ministry of Mineral Resources, Oil and Gas, the volume of oil exported represents a 3.82 percent decrease compared to the previous quarter, yet still generates revenue of approximately 5.6 billion dollars.
The gross value of exports in the second quarter decreased by 12.5 percent compared to the previous quarter, and year-on-year, the reduction was 29.81 percent.
The Secretary of State for Mineral Resources, Jânio Correia Vítor, explained that, during the period under review, oil prices on the international market were characterized by marked volatility, resulting from the combined influence of geopolitical, economic, and market factors.
"The downward pressure on prices was driven primarily by the worsening trade war between the United States of America (US) and China, with the reciprocal imposition of high tariffs, increased production from OPEC+, Kazakhstan, and Guyana, and the accumulation of crude oil and refined product stocks in the US," he argued.
During this period, 31.52 percent of the exported volume belonged to the National Agency of Petroleum, Gas, and Biofuels (ANGP) and 16.21 percent to Sonangol, followed by Azule Energy (13.58 percent), Total Energies (13.02 percent), ESSO (8.04 percent), Equinor (5.63 percent), SSI, and Cabgoc with 5.59 percent and 4.84 percent, respectively.
China, with 55.33 percent, was the main destination for national oil exports, followed by Indonesia (9.19 percent), India (9.18 percent), and the Netherlands (5.91 percent).
Regarding natural gas, exports in April, May, and June totaled approximately 1.35 million metric tons, with LNG (liquefied natural gas) being the most important, generating revenue of 754.7 million dollars.
