BFA - Angola Weekly

Dear subscriber [name],

Please find attached Angola´s weekly highlights:

- In July, oil exports averaged 0.90 million barrels per day (mbd), reflecting a yoy contraction of about 21.2%, in line with the 15.5% yoy drop in production during the same period;

- Oil prices in international markets saw a slight decline over the past week, reflecting the growing expectation that the Organization of the Petroleum Exporting Countries and its allies (OPEC+) may announce a further increase in production in October;

- An additional supplementary credit of USD 218.5 million has been authorized to cover expenses related to the implementation of the Strategic Plan for the Universalization of the Identity Card.

Best regards,
BFA

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