Angola exported 96.37 million barrels of oil in the third quarter, worth about 8 billion euros ($8.26 billion), with China as the main destination, it was announced on Wednesday.
China bought 63% of Angolan oil, followed by Spain (9%), France and the Netherlands (about 5% each), with an average price of $86,748 a barrel, according to Secretary of State for Oil and Gas Jose Barroso, who presented the data.
Jose Barroso, quoted by the Angolan news agency Angop, said that the rise in oil prices is due to several factors, in particular the extension of production cuts by the Organization of the Petroleum Exporting Countries (OPEC+) until the end of 2023.
Saudi Arabia’s decision to cut production by about two million barrels per day has also contributed to reduced supplies of crude oil to the international market, in contrast to increased demand from China, Europe and the United States.
“We started the quarter with a dated price of $76 per barrel and ended at $98. [o] which has had an overall positive impact on crude oil exports, with an emphasis on Angolan oil,” the Secretary of State said in Luanda.
In terms of gas, exports carried out in the third quarter of 2023 amounted to about 1.20 million tons, of which 78.70% were liquefied natural gas (LNG) exports, mainly to Europe.
Gas sales volumes were 19% higher than in the previous quarter as a result of rising gas prices on the international market.
Author: Lusa
Source: CM Jornal
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