Angola exports more oil in October

21 November 2013

Angola’s oil exports rose by 1.9 percent in October against the previous month, essentially due to BP, which almost doubled its production at block 31, according to official figures from the country’s Finance Ministry.

The figures, cited by financial news agency Bloomberg, showed that shipments of oil totalled 53.3 million barrels, and generated revenues of US$3.07 billion.

In September, the oil companies operating in Angola produced the equivalent of 52.5 million barrels, which represented revenues of US$3.15 billion.

Angola is currently the second-largest oil producer in sub-Saharan Africa, and plans to produce 2 million barrels per day by 2015. (macauhub)