Angola yields over AKZ 124 billion with oil exports

At least 124.19 billion Kwanza is the amount collected during the month of July of this year, with the export and sale of 48.46 barrels of oil.

According to the monthly report on revenues from the sale of oil from the Ministry of Finance, which Angop had access Tuesday in Luanda, the barrel of oil was sold at an average price of USD 44,528.

Data from the report indicate a drop of 2.03 million barrels of oil exported, if compared to May, when 50.49 million barrels of crude oil were exported.

In terms of revenue, there was a slight increase in June (-077,646.39 kwanza), as in May there was a total of 124.9 billion kwanza.

According to the report, in May this year, the average value of the oil price was set at 50.945.

The collected amounts were based on revenues from the Petroleum Income Tax (IRP), the Tax on Petroleum Production (IPP), the Tax on the Transaction of Petroleum (ITP), and the national oil companies, which are a total of 12.

The elaboration of the General State Budget for 2017 was made based on the price of USD 46 / barrel of oil.

Source: Angop