{"id":22973,"date":"2022-12-20T06:33:15","date_gmt":"2022-12-20T06:33:15","guid":{"rendered":"https:\/\/www.africa-press.net\/angola\/all-news\/oil-production-could-rise-by-32800-barrels-day"},"modified":"2022-12-20T07:22:08","modified_gmt":"2022-12-20T07:22:08","slug":"oil-production-could-rise-by-32800-barrels-day","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/angola\/all-news\/oil-production-could-rise-by-32800-barrels-day","title":{"rendered":"Oil production could rise by 32,800 barrels\/day"},"content":{"rendered":"

Africa-Press – Angola. <\/strong><\/span>The Angolan government expects an increase in crude oil production of around 32.8 thousand barrels\/day in 2023, rising from 1.14 million in 2022 to 1.18 million barrels\/day.<\/b><\/p>\n

According to the OGE 2023 Justification Report, the expected increase will be due to the increase in oil production levels in Block 15\/06 (8.59%), Block 14 (8, 26%), Block 15 (8.24%), Block 31 (4.13%) and Block 17 (7.45%), the latter with the highest performance operated by the multinational TotalEnergies.<\/p>\n

For 2023, the total expected production of crude oil is 430.7 million barrels\/year, against the 419 expected by the end of this year, 2022.<\/p>\n

Until October 2022, Angola exported 351.7 million barrels of crude at an average price of US$102.48 (USD), according to consolidated data published on the Ministry of Finance website, provided by the Special Taxation Directorate ( DTE).<\/p>\n

The average oil price in the same OGE 2023 proposal is set at USD 75 against USD 59, the latter considered the most conservative.<\/p>\n

With this and other economic indicators for 2023, the Angolan Executive foresees a strengthening of the recovery process of the Angolan economy, with real GDP growth of 3.30%, compared to the 2.7% growth forecast for 2022.<\/p>\n

The anticipated growth for 2023 is justified by expectations of an increase in oil and gas production of around 2.98% (without gas, 2.8%) and in the non-oil sector at a rate of 3.42%.<\/p>\n

These economic projections for 2023 were prepared on the basis of an average price of a barrel of oil of 75 dollars and an average daily oil production of 1.18 million barrels of crude oil (bbls) already mentioned, as well as a projected inflation of 11, 1%.<\/p>\n

For More News And Analysis About Angola<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Angola. The Angolan government expects an increase in crude oil production of around 32.8 thousand barrels\/day in 2023, rising from 1.14 million in 2022 to 1.18 million barrels\/day. According to the OGE 2023 Justification Report, the expected increase will be due to the increase in oil production levels in Block 15\/06 (8.59%), Block […]<\/p>\n","protected":false},"author":84,"featured_media":22972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[233,337,329],"class_list":["post-22973","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-angola","tag-angola"],"yoast_head":"\nOil production could rise by 32,800 barrels\/day - Angola<\/title>\n<meta name=\"description\" content=\"The Angolan government expects an increase in crude oil production of around 32.8 thousand barrels\/day in 2023, risin ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/angola\/all-news\/oil-production-could-rise-by-32800-barrels-day\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil production could rise by 32,800 barrels\/day\" \/>\n<meta property=\"og:description\" content=\"The Angolan government expects an increase in crude oil production of around 32.8 thousand barrels\/day in 2023, risin ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/angola\/all-news\/oil-production-could-rise-by-32800-barrels-day\" \/>\n<meta property=\"og:site_name\" content=\"Angola\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-20T06:33:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-20T07:22:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/angola\/sites\/65\/2022\/12\/postQueueImg_1671507819.24.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1655\" \/>\n\t<meta property=\"og:image:height\" content=\"1102\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/oil-production-could-rise-by-32800-barrels-day#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/oil-production-could-rise-by-32800-barrels-day\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Oil production could rise by 32,800 barrels\/day\",\"datePublished\":\"2022-12-20T06:33:15+00:00\",\"dateModified\":\"2022-12-20T07:22:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/oil-production-could-rise-by-32800-barrels-day\"},\"wordCount\":258,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/oil-production-could-rise-by-32800-barrels-day#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/angola\/sites\/65\/2022\/12\/postQueueImg_1671507819.24.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Angola\",\"Angola\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/angola\/all-news\/oil-production-could-rise-by-32800-barrels-day#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/oil-production-could-rise-by-32800-barrels-day\",\"url\":\"https:\/\/www.africa-press.net\/angola\/all-news\/oil-production-could-rise-by-32800-barrels-day\",\"name\":\"Oil production could rise by 32,800 barrels\/day - 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