Ver Angola


Angola breaks records and prepares to export 1.18 million barrels of oil in October

Angola's oil export level will rise to 1.18 million barrels per day in October, reaching the highest value since July, reported financial information agency Bloomberg.


According to Bloomberg, which cites the final cargo manifest, Angola will export 1.18 million barrels of oil in October, increasing compared to the 1.047 million daily barrels forecast for this month.

For October, the final program foresees 38 cargoes with a combined volume of 36.52 million barrels of oil, given that one of the cargoes scheduled for September ended up being carried over to October.

Angola exported a total of 94 million barrels of oil in the second quarter of 2023, valued at a weighted average price of 76 dollars, and raised 7.1 billion dollars.

The most recent data, referring to the achievements of national crude oil and gas exports, for the second quarter of 2023, were presented at the end of July by the Ministry of Mineral Resources, Oil and Gas.

According to the ministry, the volume of crude oil exported represents an increase of 6.71 percent compared to the previous quarter and a decrease of 9.47 percent compared to the same quarter of the previous year.


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