Africa-Press – Angola. Information on the performance results of the Angolan oil industry, in the first quarter of this year, marked Press ‘s economic news last week, with emphasis on the 7.02% increase in the volume of exports, in relation to the similar period 2023.
The data was provided by the director of the Studies, Planning and Statistics Office (GEPE) of the Ministry of Mineral Resources, Oil and Gas, Alexandre Garrett.
According to him, the country exported 94.41 million barrels of crude oil, with a turnover of around 7.77 billion US dollars, during the first quarter, at a weighted average price of USD 82.29/barrel.
As for gas, exports registered a reduction in the first quarter of this year, which totaled 966 thousand and 394 metric tons, valued at 393 million 600 thousand and 348 US dollars, representing a sales value of 37.48%, compared to the last quarter of 2023.
The drop in revenue for this product, made up of Liquefied Natural Gas (LNG), Butane and Condensates, was due to the low prices observed on the international market throughout the period under analysis, according to the Secretary of State for Petroleum and Gas, José Barroso.
Also highlighted in the agency’s news was the announcement regarding the investment of 251 million dollars for the modernization of the multipurpose terminal at the Port of Luanda, by the business group ADP-Abu Dhabi Ports, from the United Arab Emirates.
Arab investment could reach US$410 million over the exploration period, something that will be determined by market demand.
The location of the multipurpose terminal provides opportunities for attracting investment for the expected growth in the country’s container volumes, estimated at an average annual rate of 3.3% over the next decade.
During the period in question, the increase in the price of diesel fuel, the signing of an aircraft assistance agreement between TAAG and Air France, as well as the provision, by BAI bank, of around 3.1 billion kwanzas for social responsibility.
A liter of diesel rose from 135 to 200 kwanzas, in compliance with the measure included in the process of gradual adjustment of the prices of petroleum products.
Other products with fixed prices, such as gasoline, lighting oil and gas, remain unchanged.
TAAG Linhas Aéreas de Angola and the European company “Air France Industries KLM Engineering & Maintenance” (AFI KLM E&M) signed, in the city of Addis Ababa (Ethiopia), an agreement for the maintenance and repair of the national company’s Boeing 777 fleet, over the next five years.
The protocol includes consultancy support, as well as a main base material and/or equipment kit (Main Base Kit/MBK) for the Angolan carrier’s aircraft fleet of five Boeing 777-300 and three Boeing 777-200.
The Angolan Insurance Regulation and Supervision Agency (ARSEG) defended, during the week, the continued dissemination and assimilation of good corporate governance practices, to establish healthier environments in insurance activity in the country.
The position was expressed by ARSEG administrator, Jesus Teixeira, during the International Agricultural Insurance Seminar.
He mentioned that governance generates solid reputation, reliability and credibility for insurance companies operating in the country and pointed out the existence of a robust legal and regulatory environment as a crucial factor in ensuring that insurance companies scrupulously comply with the law, in relation to the principles and typified rules.
Still in the period in question, the Ministry of Agriculture planned to harvest 30 thousand tons of reindeer potatoes per hectare in the coming years, with a view to cultivating the product on a large scale in the country.
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