Africa-Press – Angola. Angola’s crude oil exports reached 94.063 million barrels in the second quarter of this year, 2023, a volume estimated at US$7.16 billion.
At an average price of USD 76.19/barrel, the figures, still provisional, point to an increase in exports of around 6.71% compared to the 1st quarter and a reduction of 9.47% compared to the same period, 2022, according to the results on oil and gas exports presented, this Tuesday, by the Ministry of Mineral Resources, Oil and Gas (MIREMPT).
In the same sense, the gross value also rose 3.34% compared to the 1st quarter of this year, but had a sharp reduction of 39.41% compared to the same period, according to the document that was presented by the director of the Study, Planning and Statistics Office of MIREMPT, Alexandre Garrette.
In the 2nd quarter of 2022, the value with exports stood at USD 11.82 billion resulting from the export of 103.89 million barrels at an average price of USD 113.92/barrel.
In the first quarter of this year, 2023, values amount to USD 6.93 billion with the export of 88.14 million barrels at an average price of USD 81.17/barrel.
China receives 64.25% of exports
The main destinations for exports were China (64.25%), India (6.20%), Brazil (4.25%) and Spain (4.05%).
Of the volume of exports, 22.35% came from the National Agency of Petroleum, Gas and Biofuels (ANPG), the National Concessionaire, 16.35% from Sonangol, the national oil company.
As for international companies, highlights include TotalEnergies (14.40%), BP (10.31%), SSI (8.09%), ENI (7.81%), ESSO (6.95%), Cabgoc and Equinor (5.99% and 5.10%), respectively.
The announcement of voluntary cuts in production of 1.6 million barrels/day, from May until the end of 2023, by the Organization of Petroleum Producing Countries (OPEC), the extensions of the cuts to 2024, the strengthening of economic activities in the United States of America (USA) positively influenced the increase in prices.
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