Luanda – Sonangol oil company imported 592.6 million metric tons (MT) of diesel and petrol in the first quarter this year, a reduction of 209.4 million MT less than the same quarter in 2022.
The reduction enabled the national oil company to reduce imports spendings by 237.4 million US dollars.
According to figures presented Monday by Sonangol's Business Unit representative, João Silva, a total of 583.5 million US dollars had been spent on imports of refined products in gross terms.
The figures were disclosed at the presentation of the results of the oil and gas exports in the first quarter, an initiative of the supervising sector.
In the fourth quarter of 2022 Sonangol imported 802.06 million metric tons of refined products worth 821.008 million US dollars.
In terms of exports of refined products, 326.5 million metric tons were shipped in the period, which is less 125.6 million metric tons than the previous quarter.
Sonangol registered a gross value of 181.3 million US dollars with the exports of refined products in the fourth quarter of 2022 compared to 116.8 million US dollars reached in the third quarter.
Crude oil trade
Regarding the export of crude oil, the national oil company registered a sales volume of 35.6 million barrels of crude oil, less 155,3 thousand barrels.
Gross sales totalled 2.8 billion US dollar against the 3.076 billion recorded in the fourth quarter, or USD 269.6 million less.
The average price of Brent, in the period, was USD 81.17 against USD 88.87 in the fourth quarter 2022.
