Angola’s crude oil production reached 264.46 million barrels of crude oil in eight months of this year, with lowest records achieved in February, standing at 29.78 million.
Data compiled by ANGOP based on public monthly summaries by the National Petroleum, Gas and Biofuels Agency-ANPG, in the period under analysis (January to August/2023), the highest volume of “black gold” production was registered in July, standing at 35.63 million barrels.
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In August of the same year, Angola’s production reached 34.99 million barrels at an average price of USD 93.56/barrel.
Compared with data observed in the same period, January to August/2022, there is a reduction in production of 19.46 million barrels, given that at the time a volume of 283.92 million barrels of crude oil was reached.
During that period, production fluctuated between 35 to 36 million barrels/month, with only the lowest record being in February, which was 32.32 million barrels.
The highest production was 36.86 million barrels reported in January 2022.
Angola is a member of the Organisation of Petroleum Exporting Countries (OPEC), with a production quota of 1,455,000 barrels/day, a limit that has not yet been reached, remaining at around 1.1 million barrels.
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Angola’s oil production comes from 16 oil concessions, 13 of which are in the offshore maritime zone and three in the onshore land zone.