Oil production in Angola continued on downward trend in November

12 December 2019

Angola’s oil production fell again in November, down by 75,000 barrels per day (bpd) to 1.284 million bpd according to second secondary sources, said the monthly report on the oil market from the Organization of Petroleum Exporting Countries (OPEC).

In 2017 Angola produced 1.634 million bpd, production in the following year fell to 1.505 million bpd and has continued to fall in 2019. IN September, for example, Angola produced 1.404 million bpd, 1.358 million in October and 1.284 million bpd in November.

Based on direct communication, Angolan production fell by 118,000 bpd in November to 1.273 million bpd, showing the same downward trend as was found with secondary sources.

The 177th meeting of the Conference of Ministers of the Organization of Petroleum Exporting Countries, convened last week in Vienna, decided to increase cuts in production decided in 2018 of 1.2 million bpd by 500,00 bpd.

At last week’s meeting, Angola, which attended with a delegation headed by the Minister of Mineral Resources and Oil, Diamantino Azevedo, remained firm in its position to increase production of 1.390 million bpd to 1.436 million bpd, as this amount was only achivied in teh first quarter of the year. (macauhub)