Luanda, Angola, 11 Oct – Total revenues from Angola’s oil exports at the end of august totalled US$24.954 billion, which represented growth of 44 percent against the US$17.334 billion seen in the same period of 2010, Angola’s Finance Ministry said in Luanda.
According to Angolan newspaper O País, which cited figures published by the ministry, total revenues from oil exports include revenues of the concession company, Sociedade Nacional de Petróleos de Angola (Sonangol) and tax revenues.
The document from the Finance Ministry said that the real rise of more than US$7.621 billion had been due to a rise in the average price of a barrel of oil, which rose from US$75.39 in 2010 to US$108.05 this year, as exports fell by 12.7 percent in volume year on year.
In the period, Angola exported 1.604 barrels of oil per day after in 2010 daily exports totalled an average of 1.808 million barrels.
This year the biggest exports were made in August – 52.8 million barrels or an average of 1.704 million barrels per day – and July was the month that posted the lowest export volume, of 42.9 million barrels or a daily average of 1.387 million.
The tax revenues from oil exports rose in the first eight months of 2011 against the same period of 2010 by US$2.393 billion and the revenues of concession company
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