The State-run Oil Firm Sonangol imported 632.18 million metric tons of fuel (diesel and gasoline) in the 2nd quarter of this year, 138.51 million less compared to acquisitions in the same period of 2022.
The reduction in the volume of imports led the national oil company to spend US$473.48 million against the US$747.92 million paid in the purchase of 770.70 million metric tons (MT) of fuels, in the same period of 2022, mainly diesel and gasoline.
Based on the report on the results of the oil company’s operations in the 2nd quarter of this year, ANGOP said the company saved USD 274.44 million.
The document was presented Tuesday by the chairman of the Executive Committee of Sonangol’s Trading and Shipping Business Unit, Luís Manuel, during the event intended to release the sector’s export results, sponsored by the Ministry of Mineral Resources, Oil and Gas (MIREMPT).
On the sidelines of the meeting, Luís Manuel assured the press that the country’s oil production has been stable, that is, without sharp declines in recent times, as a result of ongoing actions that have allowed to stop the decline.
“A many actions have been taken aimed to ensure stability of the progress of the decline. Today, there is no decline that would bring production levels below around one million barrels/day”, said Luís Manuel, adding that the oil production has been stationary for some time.
He added that the volumes exported by Angola and the average price of crude oil on the international market are the most relevant factors in relation to the result that the country has been achieving.
Angola exported, in the 2nd quarter of this year, a total of 94.06 million barrels of oil valued at an average price of USD 76.16/barrel
Source: Angola Press News Agency (APNA)