Angola produced 34.8 million barrels of oil in June 2024, collecting €751 million (714.38 billion kwanzas), a reduction of 20% compared to the previous month, according to official figures.
According to data from the Public Finance Statistics Department of the Angolan Finance Ministry, a barrel of oil in June was sold for 81.30 dollars compared to 87.69 dollars the previous month.
According to Angola’s National Oil, Gas and Biofuels Agency (ANPG), the national concessionaire, oil production for the month of June amounted to 34,869,388 barrels, corresponding to a daily average of 1.162 million barrels.
The concessionaire’s revenues fell by 26.15% to 491.13 billion kwanzas, while taxes on oil production fell by 22.54% to 27.46 billion kwanzas.
Twelve drilling units were active and work was carried out on 32 oil wells in June. Production of associated gas during the same period was 82.965 million cubic feet, corresponding to a daily average of 2.765 million feet, most of which was made available to the Angola LNG (liquefied natural gas) plant, the ANPG said.