Africa-Press – Angola. Angola’s oil production in July was 30.9 million barrels, falling below one million barrels per day for the first time since 2023, the year it left OPEC.
“Angola’s oil production for the month of July was 30,961,452 barrels, corresponding to a daily average of 998,757 barrels of oil (BOPD) against 1,073,542 BOPD forecast,” reads the website of the National Agency of Oil, Gas and Biofuels, the Angolan regulator of this sector.
The production of associated gas during the same period “was 82,307 million cubic feet, corresponding to a daily average of 2,655 million cubic feet (MMSCFD)”, adds the same note.
The drop in production to less than one million barrels per day is the first time since the country left the Organization of the Petroleum Exporting Countries (OPEC) in 2023, arguing at the time that the 1.2 million barrels per day limit imposed by the cartel’s quota was too short for the country’s needs.
The drop in production is yet another problem for Angola’s public finances, which are also facing a reference oil price below the budgeted $70, resulting in a reduction in public revenue from exports of this raw material.
According to the Ministry of Mineral Resources, Oil and Gas, Angola exported 83.6 million barrels of crude oil in the second quarter of 2025 and earned US$5.6 billion, a reduction of 13.6% compared to the same quarter of the previous year.
The volume of oil exported represents a decrease of 3.82% compared to the previous quarter, still worth a revenue of around 4.7 billion euros, and the gross value of exports in the second quarter registered a decrease of 12.5% compared to the previous quarter and in year-on-year terms the reduction was 29.81%, according to data presented at the end of last month.
Angola had expected to export 1.07 million barrels per day in July, and also expects a reduction in exports, from 1.09 million in September to 994,000 in October, according to preliminary cargo data reported by the financial information agency Bloomberg.
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