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Angola Navigates Oil Export Challenges in Early 2024

In the bustling first quarter of 2024, Angola saw a significant shift in its oil industry, exporting 94.4 million barrels of crude oil.

This marked an 8.43% decrease from the previous quarter but showcased an 11.93% year-over-year increase. Despite fluctuations, the nation amassed $7.7 billion in revenue.

Jose Barroso, Angola's State Secretary for Petroleum and Gas, reported these figures with a keen eye on global dynamics.

China continued as the top consumer of Angolan oil, purchasing almost half of the exports.

Other key. . .

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