Oil tax revenues, between July and August, fell by US$2.12 billion, to US$1.25 billion, according to data from the Ministry of Finance.
The performance is justified by the reduction in the price of a barrel of oil and in oil production, which in the period stood at 112.31 USD/barrel and 1.085 million barrels/day, which correspond to a monthly reduction of 9.61 and 7.18 percent, respectively.
This performance, according to analysts from the NGP Consultant (Ngola Papel), was overestimated by the level of tax revenue collected in Block 0 A Cabinda, which in July concentrated 50 percent of the total revenue collected, equivalent to 1.65 thousand million dollars, having dropped to 142 million in August. Note that Block 0, in Cabida, is operated by Cabinda Golf Oil, a subsidiary of Chevron with a 39.2 percent stake.
The contractor is Sonangol E.P, with a 41 percent stake, Total Energy with 10 percent and Eni Angola with a 9.8 percent share.
