According to data from the Angola Press Agency (ANGOP), gross income from oil exports totalled $6.73 billion in the second quarter of this year, with 97.998 million barrels of crude oil sold, up 0.11% from the first three months of the year.
According to estimates released last Thursday by the Ministry for Mineral Resources, Oil and Gas, the volume exported was roughly 1.77 million barrels per day, valued at an average weighted price of $68.625 per barrel. Export volumes were down 13.89% compared to the first quarter.
The Secretary of State for Petroleum, José Barroso, presented the results of oil and gas exports in the period under review, noting the rise in price to around $70, which was influenced by OPEC+ production cuts, the global economy’s recovery, increased global demand, and the global Covid-19 vaccination action.
Dahlia, Mustard, Nemba, Cabinda, and Sunflower were the top exporters, with 11.57%, 10.77%, 9.63%, 8.60%, and 8.21%, respectively, out of a total of 18 branches.
In comparison to the same period in 2020, when the average export price was $27.248 per barrel, the average export price increased by 151.85%.
In comparison to the first quarter of this year, 2021, when the price was fixed at $61.683 a barrel, there was a rise of 11.25%.