Luanda- The ordinary tax revenue from the crude-oil sector for the month of January stood at 423.2 billion kwanzas, a value much lower than what was achieved in the same period in 2022.
In January 2022, 37.5 million barrels of crude oil were exported at an average price of USD 75.48, above the USD 59 that were predicted in the State Budget of last year.
For this period (Jan2023), the published data does not mention the revenue from gas taxes from the Liquified Natural Gas Block (LNG), whose taxes reached 364.4 billion kwanzas in January 2022.
According to data published by the Special Taxation Department of the General Tax Administration (AGT) which ANGOP has had Access to, in January 2023 Angola exported 32.05 million barrels at an average price of USD 78.99,
The statistics refer to the tax returns provided by the oil companies, including the National Concessionaire, the National Agency of Oil, Gas and Biofuels (ANPG).
Other revenues are linked to the Petroleum Production Tax (PPT), on Oil Transactions (OT) and the Oil Income Tax (OIT).
Of the oil blocks, Block 17 had the highest performance of 11.5 million barrels, followed by Block 32, with 4.9 million and Block 15 appears in third position with 3.4 million barrels.
For this economic year 2023, the draft State Budget has a reference price of USD 75 per barrel of oil, and an average daily oil production of 1.18 million barrels.
