Angolan oil production falls again in June

10 August 2012

Angola was one of the member nations of the Organisation of Petroleum Exporting Countries (OPEC) whose production saw a drop in June, according to a monthly report from OPEC issued Wednesday.

Gross oil production in Iraq, Kuwait, and Libya saw the largest drops in June, said the report cited by Angolan newspaper Jornal de Angola.

Angolan oil production totalled 1.704 million barrels of oil per day in June, or 41.1 thousand less than in the preceding month.

In the first quarter of this year Angolan oil production totalled 1.76 million barrels per day, and in the second quarter average production was 1.74 million barrels per day.

OPEC’s total gross oil production, including Iraq, was on average 31.36 million barrels per day in June, which represented a drop of 106 million barrels of oil as compared to the previous month and excluding Iraq it totalled 28.38 million barrels per day on average, which was a drop of 170,000 barrels per day against May. (macauhub)