"The recovery in oil production is having an impact on economic growth this year, which we are revising upwards from 2.3 percent to 2.9 percent," write analysts from the African department of this British consultancy.
In a comment on the latest figures on oil production in Angola, the second largest producer in sub-Saharan Africa, sent to clients and to which Lusa had access, Oxford Economics writes that the oil wells that will come into operation this year will increase production.
"We expect oil production to increase by 3.2 percent, to 1.13 million barrels per day in 2023 and 1.17 million barrels per day in 2024, and that production will remain stable at 1.17 million in 2025," write the analysts.
Angola produced 34.8 million barrels of oil in June and collected 714.38 billion kwanzas in this period, a 20 percent reduction compared to the previous month, according to official data.
According to data from the Department of Public Finance Statistics of the Ministry of Finance, a barrel of oil in June was sold at a value of 81.30 dollars compared to 87.69 dollars the previous month.
According to the National Agency of 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.
