Angola’s Oil and Gas Output Drops 10.2 Percent in Q2 2025 Amid Sector Struggles

Angola’s Oil and Gas Output Drops 10.2 Percent in Q2 2025 Amid Sector Struggles

Angola Oil Production Falls to One Million Barrels Per Day in Q2 2025 as Sector Contracts Over 10 Percent

Oil and gas production in Angola fell by 10.2 percent in the second quarter of 2025, according to an estimate released Monday by the Economic Studies Department of Banco Fomento Angola (BFA).

The decline brought daily oil output down to approximately 1 million barrels per day, reinforcing the ongoing structural downturn in the country’s crude oil production.

Citing data from the National Oil and Gas Agency (ANPG), BFA analysts noted that oil output continues to follow a downward trend.

“Oil production contracted again in the second quarter of 2025, falling around 10 percent compared to the same period last year, to 1.0 million barrels per day,” the report stated.

The decline was not limited to crude oil. After growing by 3.3 percent in Q1, natural gas production also fell by 8 percent in Q2 when compared with the same quarter in 2024.

“Based on these results, we estimate that the oil sector as a whole contracted around 10.2 percent in the second quarter of 2025,” BFA analysts concluded in their commentary on Angola’s economic performance.

This latest drop follows Angola’s exit from OPEC in December 2023, a move prompted by disagreements over production quotas.

At the time, Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, said Angola no longer saw strategic benefits in remaining within the organization, particularly under the constraint of a 1.17 million barrel-per-day quota.

Since its departure from OPEC, Angola has consistently struggled to surpass an average output of 1.1 million barrels per day, signaling broader challenges in sustaining its oil sector.

Angola, which joined OPEC in 2006, had long been one of sub-Saharan Africa’s top oil producers. However, recent production declines highlight the need for structural reform and investment in the country’s energy sector to reverse the downward trend.

Loading

Share this article

You have successfully subscribed to the AMG Weekly newsletter

There was an error while trying to send your request. Please try again.

Angolan Mining Oil & Gas will use the information you provide on this form to be in touch with you and to provide updates and marketing.