Africa-Press – Angola. The sale of oil abroad earned the country, in February, 412.3 billion kwanzas, resulting from the export of 31.8 million barrels at an average price of US$75.7.
The Ministry of Finance, on its website, cites tax returns submitted to the General Tax Administration (AGT) by oil companies, including the National Concessionaire as the source of the information.
Compared to January, in which the announced revenue was 1.06 billion kwanzas, out of 37.5 million barrels sold, at a price of 66.5 dollars, there was a marked decrease in entries.
However, the information reads that in that month there was a record of 363.4 billion kwanzas from the gas tax and another 46.6 billion from the Petroleum Transaction Tax (ITP), revenues not co-opted now. in February.
Block 17, with 12 million barrels, was the most productive and the third with the most expensive crude, selling at an average price of US$88.10, just below the US$88.21 and US$88.47 of blocks 14 and 0 ( Namibe).
The Concessionaire contributed with revenue of 301.7 billion kwanzas in February, down from 472.1 billion in the previous month (January).
Brent remains above $100
The barrel of oil maintains a significant increase, with brent, a reference for Angolan exports, closing the week at US$112, after having reached a maximum of US$139.13 throughout the first 12 days of the month, this in the Monday of last week.
According to the history of negotiations for deliveries in May, between February 14 and the same period this month, the price centered on an average of 104.05 dollars, with a minimum of 90.12 dollars.
The difference between the highest and lowest value, calculated in the London sessions, reached a positive balance of 49.01 dollars in 30 days.
For now, operators’ strong uncertainties have to do with rising world inflation, also supported by the smaller supply of food generated by the conflict between Russia and Ukraine.
The fears are that the market will not be able to bear for a long time the alternatives for countries to launch reserves to stop the general rise in the price of oil and, consequently, of refined products, as well as of food and certain raw materials.
Women’s Vision
The increase in the price of oil, which has been registered in recent weeks, on the international market, could comfort and shorten the period of payment of Angola’s debt to creditors, said last Friday, in Luanda, the mining engineer and Drilling, Joana Francisco.
Speaking to Angop, on the sidelines of the workshop entitled “Women’s vision of the oil sector – Petro talks”, an initiative by PetroAngola, the Angolan specialist maintained that the acceleration of the country’s debt settlement will only be possible if the upward trend and stability in the price of Angola’s main export product.
He added that the increase in the value of oil is positive, as it raises the levels of revenue collection, which will serve to accelerate the payment of the country’s debt. He recalled that the direct impact/reflection of the increase in the value of crude in the “pocket of citizens” will not yet be immediate, but will essentially depend on the stability of the price of oil in the foreign market.
“The constant volatility or fluctuation in the price of Brent makes it difficult to make predictions. Therefore, it is still premature to predict the period in which the value of oil will be reflected in the pocket of each citizen, due to the unpredictability of the oil market”, he clarified.
Based on the latest prices, the differential on the OGE2022 is estimated to be around US$53.
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