Angola Oil & Gas: Oil exports expected in February

Posted on December 19, 2014 by Mozambique Resources Post

Oil Supplies May Not Keep Up With Demand — Angola is second largest producer after Nigeria

In February Angola will export about 1.86 million barrels of oil per day, the highest amount since January 2010, according to Bloomberg, citing preliminary documents for oil shipments. Oil exports from Angola planned for February will also increase against sales in January values, which total 1.77 million barrels per day, slightly below the government’s forecast, which outlines oil production of just over 1.8 million barrels per day on average.

The rise in oil exports early next year is in line with the Angolan government’s forecasts for production, which expects an increase of both production and exports in 2015.

Angola is the second largest oil producer in Africa after Nigeria, and in 2015 expects to produce over 1.8 million barrels per day. (macauhub/AO)