Tue, 05 Nov 2019 16:53 - Updated Tue, 05 Nov 2019 16:53
Oil products consumption grows 4%
Luanda - Angola acquired in the third quarter of the current year, 1.1million metric tons (TM) of oil products, representing a growth of four percent over the previous period.
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Of this amount, 18% comes from the Luanda Refinery, 2% from Cabgoc - Topping of Cabinda and 80% from imports.
According to the summary balance of the oil derivatives sector for the third quarter of 2019, this represents an increase of 21% over the same period of 2018.
Sales volume in the reporting period was approximately 98.000 metric tons, representing an increase of approximately 30% over the previous quarter, with Sonangol distributor prevailing in the market leading with a share of approximately 69%, followed by Pumangol with 23 % and Sonangalp with 8%.
The balance shows that five of Angola's 18 provinces account for 75% of national consumption, with Luanda coming first with 53%, followed by Huila with 6%, Benguela and Cabinda with 5.5% and Zaire with 5%.
The country has an onshore storage capacity for liquid fuels of approximately 680,111 cubic meters, of which 358,511 cubic meters, corresponding to 53% of the total, is owned by Sonangol Logistica and the remaining 321,500 meters and 47% are the property of Pumangol.
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Luanda - Angola exported during the third quarter of this year, 116.4 million barrels, at an average price of USD 62.8 per barrel, a decrease of 5.3 million barrels compared to the second quarter of 2019.
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Luanda - The National Petroleum, Gas and Biofuels Agency (ANPG) and five oil companies signed on Monday, in Luanda, two agreements for exploration, development and production of natural gas and cost sharing, which is expected to produce about 420 million cubic feet of gas / day as from 2022.
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