Angola’s ANPG Amends Oil Production Forecast

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Angola’s National Agency of Oil, Gas and Biofuels has updated its historical graph of oil production and forecasting.

Notably, the forecast includes real production for 2019 and a revised production estimate for 2020, at 1.38 million barrels per day (bpd) and 1.28 million bpd, respectively.

The amended data takes into account the impact of production quotas implemented in May by the Organization of Petroleum Exporting Countries – in which Angola is a member – and that could last through April 2022.

Prior to the onset of COVID-19, Angola was set to see a rise in production to 1.4 million bpd.

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Charné Hollands

Charné Hollands

Charné Hollands is the Deputy Editor at Energy Capital & Power. She holds a Higher Certificate in Professional Photography and Masters in Media Studies from the University of Cape Town. Charné writes content for ECP's website and events as well as co-authored African Energy Chamber: Road to Recovery.

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