Africa Angola Commodities Economy Export Government Oil

Angola: Oil revenues total US$4.2M

Oil revenues from January to September this year totalled Akz 2.8 B (US$4.2M), with the exporting of 360 million barrels of crude oil.

According to data from the Special Taxation Directorate (DTE) to which ANGOP had access, total revenues were set at an average price of US$43.07 per barrel of oil.

Of the more than two billion kwanzas, the National Concessionaire’s (ANPG) revenue until September was Akz 1.9 B.

The revenues also came from the Oil Income Tax (IRP) of Akz 742.4 billion, the Oil Production Tax (IPP), with 146.3 billion kwanzas and the Oil Transition Tax (ITP), with 44.3 billion kwanzas.

Also read: Angola – A strategic point for the African market

Of the 23 blocks described, the performance of the main operators can be observed, with emphasis on Blocks 17 with 912.8 billion kwanzas, Block 15 with

552.2 billion, Block 32 with 329.1 billion kwanzas, among others.

In the Revised State General Budget (OGER2020) the reference price was set at US$33, when the initial value was US$55.

Petroangola’s calculations show a loss of around US$15 million per day in gross oil revenues from 2017 to 2019.

Source: Angop

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: