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Angola's Key Energy Statistics world rank
Total Primary Energy Production
2014
3.802
Quadrillion Btu
27
Total Primary Energy Consumption
2014
0.326
Quadrillion Btu
83
Total Petroleum and Other Liquids Production
2014
1,756
Thousand Barrels Per Day
16
Vented and Flared Natural Gas
2014
247
Billion Cubic Feet
7
Production of Crude Oil including Lease Condensate
2014
1,742
Thousand Barrels Per Day
14
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Analysis - Energy Sector Highlights Last updated: May 18, 2016

  • Angola is the second-largest oil producer in sub-Saharan Africa, behind Nigeria. The country experienced an oil production boom between 2002 and 2008 when production started at several deepwater fields.
  • Sonangol, Angola's national oil company, is a shareholder in almost all oil and natural gas exploration and production projects. International oil companies from the United States and Europe lead oil and natural gas exploration and production in Angola. Companies from China have been increasing their participation in the oil and natural gas industry.
  • Sonangol has targeted an oil production rate of 2.0 million b/d for a few years, but the company continues to fall short. Frequent technical problems and steep production decline rates at older deepwater fields have resulted in lower-than-expected production levels, despite new fields coming online.
  • Angola has been the second-largest supplier of crude oil to China since 2005, behind Saudi Arabia. The United States, the European Union, and India are also major destinations for Angolan oil. However, U.S. imports of Angolan crude oil continue to decline because of increased U.S. production of similar—quality crude grades.
  • Angola currently produces small quantities of marketed natural gas, but the vast majority of the country's gross production is flared (burned off) or reinjected into oil wells. In mid-2013, Angola exported its first cargo of liquefied natural gas (LNG) from its new LNG plant at Soyo. However, the LNG plant experienced chronic technical issues, which led to suspension of operations in April 2014.

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Data