Angola’s energy sector continues to demonstrate resilience and potential, as highlighted by recent reports from the Ministry of Mineral Resources, Oil and Gas (MIREMPET).
Despite challenges such as fluctuating oil prices and geopolitical tensions, Angola’s energy sector remains resilient. The upward trend in oil prices, influenced by factors such as OPEC+ production cuts and geopolitical conflicts, has contributed to increased revenue from crude oil exports.
The country exported 94.4 million barrels of crude oil in the first quarter, further boosting its economic prospects. Despite challenges such as fluctuating oil prices and geopolitical tensions, Angola’s energy sector remains resilient.
In the first quarter of 2024, the country exported a significant volume of Liquefied Natural Gas (LNG), Liquefied Petroleum Gas (LPG), and condensates, totaling 966,394 metric tons, generating revenue of $393.6 million.
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