Angola's oil export revenue drops by 18 pct in Q1

LUANDA, April 24 (Xinhua) -- Angola generated 6.4 billion U.S. dollars in crude oil export revenue during the first quarter of 2025, marking an 18 percent year-on-year decline, Secretary of State for Oil and Gas Jose Barroso said on Thursday.

According to Barroso, Angola exported 85.14 million barrels during the period, recording a 13.5 percent reduction from the previous quarter and a 9.8 percent drop year-on-year. China remained the top destination for Angolan crude, followed by India, Indonesia, Spain, and Malaysia.