ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage



Home » News » Economy

Wed, 13 Jun 2018 18:52 - Updated Wed, 13 Jun 2018 19:03

Oil yields more than 253 billion kwanzas

Luanda - In May this year, oil exports totaled 253.3 billion Kwanzas, with the sale of 49.8 million barrels of crude oil.

Send by email

To share this news by email, fill out the information below and click Send


To report errors in the texts of articles published, fill out the information below and click Send

Increase of oil price enables collecting more fiscal revenues

Photo: FMiudo

According to the Ministry of Finance's report on revenues generated by oil production to which Angop had access, the above amounts were sold at an average price of US $ 68,906.

Compared to the same period last year (May / 2017), there was a substantial increase in both oil revenues and exports, with the collection of 124.9 billion Kwanzas, with the sale of 47 million barrels of crude at an average price of USD 50,949.

In April of this year (2018), 233.7 billion kwanzas were collected, with the export of 46 million barrels, at an average price of 65.50 dollars.

Taxes on oil income (IRP), oil production (IPP) and oil transactions (ITP) were charged to the collection of 13 operators.

Tags Finances   Petróleos  

Read also
  • 13/06/2018 17:37:30

    ENI provides technical and financial assistance to Sonangol

    Luanda - Italian oil company ENI Angola will provide technical and financial assistance services to the Angolan national fuel company - Sonangol, in a period of 30 to 36 months, announced today the chairperson of the Board of Directors, Carlos Saturnino.

  • 12/06/2018 09:47:34

    Brent opens high in London on Tuesday

    London - Brent crude kept in stock for delivery in August opened high on Tuesday in London's Futures Market, with the barrel being traded at USD 76.55.

  • 12/06/2018 09:36:53

    Road Tax revenues reach 42.11 per cent

    Luanda - Just over 2.3 billion kwanzas is the provisional amount that was collected by the authorities in charging the 2017 Road Tax, which corresponds to 42.11 per cent from the expected total amount of about AKZ 5 billion.