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In March 2022, oil production reached a total volume of 35 million 417 thousand barrels (MMBBLS), an increase of 9.5% compared to February.
In February, crude oil production was 32,327 MMBBLS. According to the March report, Angolan crudes were trading at a premium to Brent, with the combination of the most popular crude prices in international markets reaching an average value of USD 114.29/barrel (BBL), hovering around $3.34/BBL, above the value of Brent.
Associated natural gas production was 87.583 million cubic feet (MMSCFD) in March, a daily average of 2,825 MMSCFD, an increase of 7% from the previous month. In February, total gas production reached 81,621 MMSCFD corresponding to a daily average of 2,915 MMSCFD.
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