Angola produced 157.2 million barrels of crude oil in the 1st quarter

16 July 2013

Angola produced 157.2 million barrels of oil in the first quarter of the year, an average of 1.75 million barrels per day, indicates a performance memorandum on the government’s activity.

According to the document cited by Angolan news agency Angop, the state-owned Sociedade Nacional de Combustíveis de Angola (Sonangol) had a 48 percent share of the total.

Exports during the period totalled 150.2 million barrels, worth US$16.6434 billion. Angola also exported 310,700 tons of refined petroleum products; fuel oil stood out with 35.7 percent of that total.

During the same period, 978,500 tons of petroleum-derivative products were imported, of which 167,900 in January, 258,900 in February and 551,700 in March.

The Luanda refinery processed 549,822 tons of crude oil during the period and produced 528,950 tons of derivatives, with fuel oil and diesel accounting for the most production. (macauhub)