Luanda – Angola’s oil tax revenue reached 7.06 billion kwanzas in September, an amount higher than the 6.12 billion kwanzas foreseen in the 2022 General State Budget, data disclosed by the Special Taxation Directorate (DTE).
It adds that the revenue results from the export of 317.3 million barrels of oil at an average price of USD 101.98, ANGOP has learnt.
Everything indicates that the rise in the price of oil barrels in the international market continues to positively influence the Angolan government's accounts.
The 2022 State Budget foresees a 1.6% growth in the oil sector based on a production forecast of 1.1 million barrels per day, with a price benchmark of 59 dollars per barrel.
The National Agency of Oil, Gas and Biofuels (ANPG) absorbed 3.6 billion kwanzas of the referred total revenue.
Another part of the tax revenue is declared by the oil companies translated into Petroleum Income Tax (PIT), Tax on Oil Production (IPP) and Tax on Oil Transaction (ITP).
From the total of 21 oil blocks in operation during the period under review, Block 17, operated by the French TotalEnergies, continues to lead production and export with 106.3 million barrels, followed by Block 32, with 41.2 million barrels.
The two blocks are followed by Block 15, which exported 39.5 million barrels, operated by the American ExxonMobil, Block 15/06, with 29.6 million and Block A Cabinda, with 27.2 million barrels.
The country's production of 1.1 million barrels of oil per day is still below the quota authorized by the Organization of Petroleum Exporting Countries, which is of 1.4 million barrels of crude oil per day.
