Luanda: Angola exported 357.10 million barrels of crude oil in 2025, generating approximately 24.44 billion US dollars in revenue. This marks a 9.28 percent decrease in export volume and a 22.16 percent drop in sales value compared to 2024.

According to Angola Press News Agency, Secretary of State for Oil and Gas Jos© Barroso disclosed this information during a meeting in Luanda. The meeting was convened to analyze the achievements of the fourth quarter of 2025 and to provide a provisional summary of last year's results. Barroso noted that oil was traded at an average price of 68.438 US dollars per barrel, reflecting a 14.19 percent decrease compared to the previous year.

Barroso identified China and India as the primary destinations for Angola's oil exports, with China accounting for 58.57 percent and India for 11 percent. He also highlighted that natural gas exports amounted to approximately 5.8 million metric tons, generating 3.2 billion US dollars in revenue. In the fourth quarter of 2025, Angola exported 93.94 million barrels of crude oil at an average price of 62.482 US dollars per barrel, resulting in gross revenue of 5.87 billion US dollars.

The fourth quarter's crude oil export volume represented an increase of 2.83 percent compared to the third quarter of the same year and a decrease of 4.56 percent compared to the same period in 2024. The revenue collected in the fourth quarter saw a decrease of 19.42 percent annually and a 7.07 percent decline compared to the previous quarter.

During the last three months of 2025, China remained the leading destination for Angolan oil, accounting for 55.34 percent of exports. India followed with 15.04 percent, and Indonesia with 9.31 percent. Angola exported approximately 1.7 million metric tons of natural gas during this period, with liquefied natural gas (LNG) making up 83.16 percent of the total, and Europe being the main destination.

Jos© Barroso attributed the fall in oil prices to several factors, including the ceasefire agreement between Israel and Hamas, the anticipated peace agreement between Russia and Ukraine, the buildup of global stocks, and an economic slowdown in China. He also cited weakening demand in Asia, increased floating storage in the region, higher production in the United States, and market oversupply concerns as contributing factors.