Luanda – Oil tax revenues totalled 2.6 billion kwanzas, from January to April of this year, with the export of 138.5 million barrels of oil (bbs).
The rise in oil barrel prices on the international market continues to have a positive influence on the country’s accounts.
Compared to the same period of 2021 (January to April), there was an increase in revenues of 1.2 trillion kwanzas, during which more barrels of crude oil were exported, totalling 141.6 million barrels, but at an average sale price of US$57.56, well below the figures recorded this year.
From January to April 2021, oil tax revenues totalled 1.4 trillion kwanzas.
In the four months of this year, 2022, the barrel of oil was sold at an average price of 94.89 US dollars, according to consolidated data from the Special Taxation Directorate (DTE) published in the official website of the Ministry of Finance, to which ANGOP had access.
The revenue of the national concessionaire alone was 1.4 billion kwanzas, of the total amount collected, based on the value declared by it after deduction of 5%.
Of the 25 blocks operated, Block 17 was the one that performed best when it exported 44.8 million barrels, followed by Block 32, with 18.6 million, Block 15, with 17.2 million, Block 15/06, with 13.3 million, Block 0 A Cabinda, with 11.5 million and Block 18, with 8.6 million barrels.
The sources of revenue, according to the tax returns submitted to the General Tax Administration (AGT) by the oil companies, including the National Concessionaire, were the Tax on Oil Income (IRP), on Oil Production (IPP) and on Oil Transition (ITP).
Oil production in Angola still remains above 1.1 million barrels per day.
Source: Angola Press News Agency
