Oil production stands at 33.6 million barrels

Angola’s oil production stood at 33.6 million barrels in June this year, compared to the previous period in May there was a decrease of 831, 200 barrels.

ANGOP learnt that the daily average production was 1,120,246 barrels of oil (BOPD), exceeding the forecast of 1,114,439 BOPD, according to the monthly report of the National Agency for Oil, Gas and Biofuels (ANPG).

Gross Domestic Product (GDP) data for the first quarter of this year point to a drop in crude oil production of around 8% compared to the last quarter of 2022.

In the first quarter of this year, Angola exported 87.92 million barrels of oil for a total of US $ 6.92 billion.

The reduction in exports impacted the revenue collection component of the state coffers.

Still in June, associated gas production during the same period was 79. 158 million cubic feet, corresponding to a daily average of 2.639 million cubic feet (MMSCFD).

Of this volume, 1.325 MMSCFD is injected, 598 MMSCFD made available to the Angola LNG plant, 338 MMSCFD for power generation at the oil facilities and the remainder used in operations and oil disposal

Source: Angola Press News Agency