OPEC agreement implies cutting oil production in Angola - Plataforma Media

OPEC agreement implies cutting oil production in Angola

The cut in production, decided on 9 April, will be 23% for all signatory states and is based on October 2018, at which time Angola had daily production of 1.53 million barrels, which after reviewing the level, will entail a reduction to 1.18 million barrels per day.

The country has produced between 1.3 million and 1.4 million barrels per day in recent months, down from more than 1.6 million registered in 2017 and 2018, according to the OPEC reports.

Read more in MacauHub.

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