Ver Angola


Oil tax revenue reaches 7.06 billion kwanzas and exceeds OGE 2022 expectations

Oil tax revenue exceeded the expectations of the General State Budget (OGE) 2022 – whose forecasts pointed to a value of 6.12 billion kwanzas –, reaching, in September, 7.06 billion kwanzas.


Figures from the Special Taxation Directorate (DTE), cited by Angop, reveal that 317.3 million barrels were exported at an average price of 101.98 dollars, which thus gave rise to the aforementioned revenue.

Of the 7.06 billion kwanzas allocated, 3.6 billion kwanzas correspond to the revenue of the national concessionaire while another part of the amount concerns the value declared by companies in the sector, converted into taxes (Tax on Petroleum Income, Tax on Oil Production and Oil Transaction Tax), writes Angop.

In the period under review, Block 17 was the most productive of the 21 blocks in exploration. According to the data, this block exported 106.3 million barrels of oil.

The 'silver' goes to Block 32, which exported 41.2 million barrels. Block 15 is also on the podium, with exports of 39.5 million barrels.

According to the figures cited by Angop, blocks 15/06 and A Cabinda also stand out, which exported 29.6 million and 27.2 million barrels of oil, respectively.


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