Africa-Press – Angola. Angola had gross revenue of US$10.2 billion (almost five billion kwanzas), with the export of more than one million barrels of crude oil in the 3rd quarter.
According to Ministry of Mineral Resources, Oil and Gas data on crude oil and gas exports. the prices of Angolan and Brent crudes, in the period in question, had a downward trend.
The National Oil, Gas and Biofuels Agency (ANPG) and Sonangol both accounted for a 41.4 percent share of exports.
The document, cited by Agência Lusa, indicates that the quarterly average price of Angolan crude was US$101.6 a barrel of oil, while the average for Brent was US$100.8.
“The volume exported represents a decrease of 3.35 percent compared to the previous quarter and an increase of 1.77 percent compared to the same quarter of 2021”, says the balance sheet.
The presentation underlines that several factors influenced prices negatively, including concerns related to the new containment measures in China, the return of Libyan production to the market, and in a positive way, the decision of the European Union to reduce imports of Russian oil by 90 percent by the end of the year.
“As for the average price of Angolan vines, there was a decrease of 10.73 percent compared to the second quarter of 2022 and an increase of 38.46 percent compared to the same period of 2021”, the document adds.
Exports were led by the National Petroleum and Gas Agency (27.11 percent), followed by Sonangol (14.29), standing out among international companies TotalEnergies (14.43 percent), Esso (8.26 percent) ), SSI (7.46), BP (6.78) Equinor (6.64), ENI (6.63) and Cabgoc (5.55).
The main commercialized vines were Mustard (11.20 percent), Dália (11.14), Clov (10.74), Nemba (9.48) and Pazflor (7.58).
China continues to lead the list of destination countries for Angolan oil exports, with 45.37 percent, followed by India, with 9.66; from France, with 9.45; Canada, with 6.84 and Spain, with 6.73 percent, respectively.
Regarding exports of gas and condensate, in the period under analysis, more than one million metric tons were exported, with a cash inflow of 2.1 billion dollars (Kz 962.9 billion), representing an increase of 12.14 per percent compared to the second quarter of the current year and a decrease of 12.82 percent in the volume exported in the same period of 2021.
The document indicates that 825.21 thousand metric tons of LNG (Liquefied Natural Gas) were exported, at an average price of 2.4 million dollars (Kz 1.1 billion), 38.06 thousand metric tons of butane, at the price 507 thousand dollars (Kz 232 million), 130.42 thousand metric tons of propane, at an average price of 496 thousand dollars (463 thousand euros), and 66.66 thousand metric tons of condensate, at an average price of 560 thousand dollars (523 thousand euros).
LNG had as main destinations the Netherlands (41.53 percent), India (25.68) and Spain (24.48), while butane and propane had China (99.07 percent) as main buyers. and the Democratic Republic of Congo (0.93), for butane, and Belgium (33.77) and China (32.78), for propane. As regards condensates, Belgium was the main export destination for this product.
INVESTMENTS
Candy Factory Angola expands the offer of the national industry
The Candy Factory Angola is officially inaugurated today, in the Special Economic Zone, by the Minister of Industry and Commerce, Victor Fernandes.
Candy Factory Angola opens its doors to the public, in an event that formalizes the inauguration and which should be attended by members of the Executive and numerous private entities, representing the universe of “stakeholders” of this new Confectionery industry, which started, recently in Angola.
The minister will carry out a guided tour of the manufacturing facilities, with emphasis on the production lines, which will make it possible to understand how the products are produced and the level of sophistication of the industrial equipment present at the factory.
Candy Factory Angola represents an investment of over 15 billion kwanzas and aims to generate 350 direct and indirect jobs in a period of two years.
The event will be guided by the shareholders of Candy Factory, who will briefly explain the path taken to transform what was once a dream into a current reality.
Frederico Crespo – Angolan shareholder and founder of Candy Factory – should address the efforts gathered to implement the project, in which he had the institutional support of the Ministry of Industry and Commerce, the Ministry of Economy and Planning, as well as institutions and teams. such as ZEE, AIPEX, BNA, PRODESI and INACOQ, which, together with the professionals from Nelt and Candy Factory, made what is currently Candy Factory Angola happen.
The unit has an installed capacity of 6,700 tons per year, which will allow Angolans to have access to sambapitos, candies and pastilles, produced locally, with the most demanding quality standards and, above all, with genuinely Angolan brands, created by Angolans to the angolans. Shareholder and co-founder Nebojša Šaponjić will also honor the opening act.
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