Angolan oil exports fall by 8.5 percent in January

1 April 2014

Angolan oil exports fell by 8.5 percent year-on-year in January to 49.2 million barrels, which is the lowest monthly amount since 2011, according to figure published on the Angolan Finance Ministry website.

Exports from block 17, which accounts for one third of Angola’s total production, fell by around 13 percent to 15.8 million barrels, and those from block 15, the second-biggest producer, fell by 11 percent to 10.8 million barrels.

Exports from block 18, the third-biggest producer, which is operated by BP, fell by around 31 percent. Block 31, which is also operated by BP, and block 3/05, operated by Sonangol where the only blocks to see slight rises in exports.

Figures from Sonangol showed that in 2013 China was Angola’s main oil customer by purchasing 45 percent of the total, followed by India, with 12 percent, Thailand, the United States , south Africa and Spain. (macauhub)