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Angola: Nearly 80% of Fuel Consumed in Q4 2023 Imported at a Cost of $1.17B

Angola: Nearly 80% of Fuel Consumed in Q4 2023 Imported at a Cost of $1.17B

Angola imported almost 80% of the fuel consumed in the country in the last quarter of 2023, worth around US$1.17 billion, it was announced on Wednesday.

The information was transmitted today by the director general of the Angolan Oil Derivatives Regulatory Institute (IRDP), Luís Fernandes, noting that 66% of the fuel purchased for commercialisation was diesel.

Petrol accounted for 23%, 7% fuel oil, 4% Jet A1 and the rest illuminating oil and asphalt bitumen.

According to the official, who was presenting the balance of the IRDP’s actions over the last three months of 2023, 21% of the liquid fuels came from the Luanda Refinery, 0.3% from the Cabinda Gulf Oil Company (CABGOC) and 78.7% from imports on which around US$1.17 billion was spent.

The quantities acquired in this period (1,553,386 metric tonnes) represent an increase of approximately 56% over the previous quarter, he said.

Luís Fernandes also reported that 675,968 cubic metres were stored during this period.



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