Oxford Economics, a British consultancy firm, forecasts that Angola’s oil production will stagnate at 1.173 million barrels per day (bpd) in 2025. This follows a 3.6% increase in 2024, which brought production to 1.170 million bpd.
According to analysts cited by Lusa, Angola’s oil output saw a slight uptick in November, aligning with the government’s production targets.
The consultancy estimates that crude oil production grew by 3.6% last year, reaching 1.170 million bpd, with a marginal increase to 1.173 million bpd projected for this year.
The African division of Oxford Economics also notes that the International Energy Agency’s data aligns with Angola’s government target of 1.180 million bpd for 2024.
However, challenges remain, including potential delays in national oil projects, reduced demand for Angolan crude due to rising electric vehicle sales in China, and a slowdown in the construction sector.
