Ver Angola


Angola exported more than 96 million barrels of oil in the third quarter

Angola exported 96.37 million barrels of oil in the third quarter worth approximately 8.26 billion dollars, with China being the main destination.

: Lusa

According to the Secretary of State for Oil and Gas, José Barroso, who presented the data this Wednesday, China purchased 63 percent of Angolan oil, followed by Spain (9 percent), France and the Netherlands (with around 5 percent each), with an average price of 86,748 dollars per barrel.

José Barroso, quoted by the Angolan news agency Angop, said that the increase in oil prices had to do with several factors, especially the extension of production cuts by the Organization of Petroleum Exporting Countries (OPEC+) until the end of 2023.

Saudi Arabia's decision to cut production by around two million barrels per day also contributed to reducing the supply of crude oil on the international market, in contrast to the increase in demand from China, Europe and the United States. America.

"We started the quarter with the dated price of 76 dollars per barrel and ended at 98 dollars, [which], in general, was positive for crude exports, with emphasis on Angolan crude," said the Secretary of State in Luanda.

As for gas, exports carried out in the third quarter of 2023 totaled around 1.20 million metric tons, of which 78.70 percent related to the export of liquefied natural gas (LNG), mostly to Europe.

The value of gas sales was 19 percent higher than in the previous quarter, as a result of the rise in gas prices on the international market.


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