Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

The Trade balance in Goods likely closed Q1 2022 with a positive balance of USD 8.6 billion (Bn), representing a year-on-year growth of USD 4.0bn.
Gross International Reserves (RIB) closed April at USD 15.3 bn, growing USD 2.1bn compared to the beginning of the year.
Last Thursday, OPEC+ members decided to stick to the plan to gradually increase oil production by 432,000 barrels per day in June.
Last week, Sonangol agreed to sell stakes in three oil blocks to the consortium between Somoil and British company Sirius Petroleum.

Best regards,
BFA

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