Africa-Press – Angola. The export of 395 million 992 thousand and 333 barrels of crude oil from Angola made it possible to obtain revenue of 40 billion 300 million 991 thousand and 588 US dollars, at an average price of USD 101,772/barrel, during the economic year 2022.
The amount of crude oil exported during this period exceeded that of 2021, in which the export of 394.22 million barrels of crude oil was recorded, resulting in revenue of 24.5 billion dollars.
According to the report on the Mineral Resources, Oil and Gas sector – 2022, the largest volume of exports carried out in 2022 was destined for China, which imported 53.79% of the total oil gross from Angola, followed by India which imported 9.44%, while the Netherlands imported 5.11%.
In the same period, the document states, South Africa was the only African country that imported crude oil from Angola, with an import volume corresponding to 0.75% of the total.
Exports of Angolan vines made to 21 countries around the world increased by around 0.50% compared to those carried out in 2021, mainly due to the lifting of some measures related to the COVID-19 pandemic and the increase in production volume of crude oil in Angola.
In a universe of 18 oil companies, which exported Angolan crude, the highlight goes to the National Agency of Petroleum, Gas and Biofuels (ANPG), which exported 100 million 937 thousand and 783 barrels (25.49%), followed by Sonangol ( 59 million 368 thousand 332 barrels – 14.99%), while TotalEnergies added 54 million 683 thousand 952 barrels (13.81%).
In the same sequence, the oil company ESSO exported 36 million 139 thousand and eight barrels (9.13%), BP 31 million 503 thousand and 771 (7.96%), SSI 28 million 124 thousand 561 (7.10%), ENI 28 million 11 thousand and 206 (7.07%) and Equinor 25 million 67 thousand and 992 (6.33%).
In the period in question, Angola recorded a total production of 414 million 899 thousand and 452 barrels of crude oil, on a daily average of one million 136 thousand and 711 barrels.
Compared to the same period last year (2021), the average daily production in 2022 represented an increase of 1.19%.
However, the daily average of oil production in 2022 represented a reduction of 0.98%, in relation to that projected in July 2021, mainly due to the natural decline and maturity of the fields, unplanned production losses (technical- operational), closure of wells and some platforms.
Currently, oil production levels in Angola are around one million and 100 thousand barrels/day, compared to one million and 800 thousand barrels/day recorded in 2015, for example.
With reserves estimated at nine billion barrels of crude oil and 5.95 billion cubic meters of gas, the Angolan Government continues to work to maintain competitiveness and crude oil production levels above 1.1 million barrels/day, planning to bid for another 50 oil blocks by 2025.
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