13 June 2018

Angola: 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.

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.

Angola

Savimbi's Remains May Be Exhumed This Year

The exhumation and burial of remains of the opposition UNITA party's founder Jonas Malheiro Savimbi, killed in action in… Read more »

See What Everyone is Watching

Copyright © 2018 Angola Press Agency. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.