26 February 2013

Angola: Oil Production Rises At Rate of 4.5 Per Cent

Luanda — The Angolan oil production grew in 2012 at a rate of 4.5 per cent, a figure that rose the internal production to 75.000 barrels a day.

This was said in a press conference in Luanda by the CEO of the Angolan Oil Company (SONANGOL), Francisco Lemos Maria, under the celebrations of the company's 37th founding anniversary, marked on Monday.

According to him, this progress will impact on the real growth rate of GDP.

Francisco Lemos Maria stated that the country will record rate of real growth of the highest GDP for the year 2012, whose accounts are still in progress.

He said that SONANGOL, as national oil concessionary, foresaw a growth rate for the oil production of at least 13.3 per cent, what represents an increase of 188.000 barrels a day.

In 2012, Angola recorded a medium production of 1.7 million barrels a day.

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