Crude Output: 1.03M b/d | Active Blocks: 32 | Brent Crude: $74.80 | Proven Reserves: 7.8B bbl | Operators: 27 | ANPG Budget: $1.2B | Gas Production: 1.4 Bcf/d | Oil Revenue: $24.8B | Crude Output: 1.03M b/d | Active Blocks: 32 | Brent Crude: $74.80 | Proven Reserves: 7.8B bbl | Operators: 27 | ANPG Budget: $1.2B | Gas Production: 1.4 Bcf/d | Oil Revenue: $24.8B |

Angola Crude & LNG Export Destinations Map

Angola’s position as sub-Saharan Africa’s second-largest oil producer translates into one of the continent’s most significant crude export profiles. The country’s export portfolio is characterized by extreme geographic concentration, with China absorbing more than 60% of all crude shipments, and by the growing importance of LNG exports from the Soyo-based Angola LNG facility, which has become a meaningful supplier to European gas markets. This dashboard maps every significant export flow by destination, volume, value, and grade, providing the data infrastructure required for trade flow analysis, sanctions compliance monitoring, and market structure research.


Key Performance Indicators — Export Summary

KPIValuePeriod
Total Crude Exports~1.05 million b/d2024 average
Total Crude Export Value~USD 28.5 billion2024 estimate
Crude Export Revenue (2022 peak)~USD 46.2 billion2022
Crude Export Revenue (2023)~USD 36.0 billion2023
Crude Export Revenue (2024)~USD 36.7 billion2024
LNG Exports (2023)175 Bcf2023
LNG Europe Share75%2023
LNG Asia-Pacific Share25%2023
Number of Export Destination Countries35+2024
China Share of Crude Exports~63%2024
Average Export Price (2024)~USD 79/barrelWeighted average
Domestic Consumption (retained)~50,000 b/dRefinery feedstock

Crude Oil Export Destinations — 2024 Breakdown

Top 15 Crude Export Destinations by Volume

RankDestinationVolume (b/d)Share of Total ExportsValue (USD billion)Trend vs 2023Primary Grades
1China660,00062.9%19.0-3.2%Cabinda Blend, Girassol, Dalia
2India85,0008.1%2.4+12.5%Cabinda Blend, Nemba
3Spain45,0004.3%1.3+8.1%Girassol, Hungo
4France38,0003.6%1.1-5.0%Girassol, Dalia
5Italy35,0003.3%1.0+2.9%Cabinda Blend
6South Korea32,0003.0%0.9-15.8%Girassol, Plutonio
7Indonesia28,0002.7%0.8+16.7%Cabinda Blend
8United States22,0002.1%0.6-26.7%Various medium grades
9Netherlands18,0001.7%0.5+12.5%Dalia, CLOV Blend
10Thailand15,0001.4%0.4+25.0%Cabinda Blend
11Portugal12,0001.1%0.3-7.7%Various
12South Africa10,0001.0%0.3StableCabinda Blend
13Japan9,0000.9%0.3-18.2%Girassol
14United Kingdom8,0000.8%0.2-20.0%Girassol, Dalia
15Singapore7,0000.7%0.2+40.0%Trading hub re-export
Others26,0002.5%0.7Various
Total1,050,000100%28.5

China-Angola Crude Trade Deep Dive

The China-Angola crude oil trade relationship is one of the most consequential bilateral energy flows in the world. China has been Angola’s largest crude buyer since approximately 2006, when Chinese state-owned oil companies and banks began providing infrastructure loans collateralized by future oil deliveries. While the formal oil-backed lending structures have largely wound down, the commercial trade relationship remains deeply entrenched through term contracts between Sonangol and Chinese refiners.

YearChina Crude Imports from Angola (b/d)Share of Angola’s Total ExportsShare of China’s Total Crude ImportsValue (USD billion)
2015820,00050.0%11.2%16.5
2016780,00050.6%10.5%11.8
2017900,00060.0%10.7%17.1
2018880,00063.6%9.5%22.0
2019790,00062.2%7.8%17.4
2020680,00058.5%6.2%11.0
2021670,00059.8%6.1%15.5
2022660,00061.1%5.9%22.8
2023680,00065.0%6.0%19.0
2024660,00062.9%5.7%19.0

Angola’s share of China’s total crude imports has been declining steadily from over 11% in 2015 to approximately 5.7% in 2024, not because of reduced Angola-China trade volumes but because China’s total import appetite has grown substantially while Angolan production has declined. China now imports approximately 11.5 million barrels per day from dozens of suppliers, with Russia, Saudi Arabia, Iraq, and the UAE all providing larger volumes than Angola. Nevertheless, Angola remains one of China’s most important African crude suppliers, and the Cabinda Blend and Girassol grades are well-suited to Chinese refinery configurations optimized for medium-sweet African crudes.

Chinese Buyers of Angolan Crude

Chinese EntityEstimated Volume (b/d)Contract TypePrimary GradesNotes
Sinopec/Unipec280,000Term + spotCabinda Blend, GirassolLargest single buyer
CNOOC120,000TermGirassol, DaliaBlock 15/06 equity lifter
PetroChina/CNPC110,000TermVariousDiversified portfolio
Sinochem65,000Spot-dominantCabinda BlendTrading-oriented
Independent refiners (teapots)85,000SpotCabinda Blend, NembaPrice-sensitive buyers
Total660,000

LNG Export Destinations — 2023/2024

Angola LNG, operated by Chevron at the Soyo facility, has become a meaningful supplier to global gas markets. With a nameplate liquefaction capacity of approximately 5.2 million tonnes per year (250 Bcf/year), the facility shipped 175 Bcf in 2023, with Europe absorbing 75% and Asia-Pacific taking 25%.

LNG Exports by Destination — 2023

DestinationVolume (Bcf)Share of TotalEstimated Value (USD million)Trend
France5229.7%780Stable
United Kingdom4022.9%600Growing
Spain1810.3%270Growing
Netherlands126.9%180New destination
Belgium52.9%75Spot cargoes
Portugal42.3%60Small volumes
Total Europe13174.9%1,965Dominant market
India3520.0%525Growing rapidly
Japan52.9%75Spot cargoes
South Korea21.1%30Spot cargoes
China21.1%30Small spot volumes
Total Asia-Pacific4425.1%660Secondary market
Grand Total175100%2,625

Angola LNG Production Growth — 2024/2025

The Angola LNG facility recorded significant production growth through 2025, driven by the Sanha Lean Gas Connection achieving first gas in 2024 and the New Gas Consortium projects approaching completion.

Metric20232024November 2025Trend
Total LNG output (million boe/month)4.24.65.23+24.5% (2023 to Nov 2025)
Daily average (boe/day)140,000153,000174,456+24.6%
LNG daily (boe/day)118,000131,000147,358+24.9%
Year-on-year production increase+9.5%+20% (vs prior year)Accelerating
Plant utilization rate~70%~76%~85%Improving

Export Revenue Time Series — 2015 to 2025

YearCrude Export Volume (million bbl)Average Export Price (USD/bbl)Crude Revenue (USD billion)LNG Revenue (USD billion)Total Petroleum Export Revenue (USD billion)
201562049.5030.71.832.5
201659041.0024.21.225.4
201756052.0029.11.530.6
201851870.0036.32.138.4
201947563.0029.91.831.7
202043541.0017.81.018.8
202141570.0029.12.031.1
202240099.0039.66.646.2
202339082.0032.04.036.0
202438379.0030.36.436.7
2025E37574.0027.84.432.1

The 2022 revenue peak of approximately USD 46.2 billion reflects the convergence of elevated crude prices following Russia’s invasion of Ukraine and record LNG spot prices in European markets. While crude volumes have continued to decline, the stabilization of total petroleum export revenue in the USD 32-37 billion range through 2023-2024 has been supported by the growing LNG revenue contribution.


Crude Grade Export Profiles

Angola produces several distinct crude grades, each with different API gravity, sulfur content, and market positioning. Understanding grade-level export flows is essential for refinery optimization and trading analysis.

GradeAPI GravitySulfur (%)ClassificationPrimary Buyers2024 Volume (b/d)Premium/Discount to Dated Brent
Cabinda Blend31.70.17Medium-sweetChina, India, Indonesia135,000-USD 1.50 to -USD 0.50
Girassol30.20.34Medium-sweetChina, France, Spain, Japan180,000-USD 1.00 to +USD 0.30
Dalia23.60.51Medium-sourChina, France, Netherlands120,000-USD 2.50 to -USD 1.50
Plutonio33.20.047Light-sweetSouth Korea, China65,000+USD 0.50 to +USD 2.00
CLOV Blend34.50.30Medium-sweetEU refiners85,000-USD 0.50 to +USD 0.50
Hungo28.80.63Medium-sourSpain, Italy45,000-USD 2.00 to -USD 1.00
Nemba38.20.22Light-sweetIndia, China35,000+USD 0.50 to +USD 1.50
Pazflor26.00.48Medium-sourChina, EU80,000-USD 2.00 to -USD 1.00
Kaombo35.50.25Light-sweetAsia, EU70,000+USD 0.20 to +USD 1.00
Mondo28.00.39Medium-sweetChina25,000-USD 1.50 to -USD 0.50
OthersVariousVariousMixedVarious210,000Varies
Total1,050,000

Regional Export Flow Analysis

Asia-Pacific Destinations (76.1% of crude exports)

Country2024 Volume (b/d)Share of TotalYear-on-Year ChangeKey BuyersStrategic Notes
China660,00062.9%-3.2%Sinopec, CNOOC, PetroChinaDominant; diversifying away slowly
India85,0008.1%+12.5%Indian Oil, Reliance, BPCLGrowing market
South Korea32,0003.0%-15.8%SK Innovation, S-OilDeclining
Indonesia28,0002.7%+16.7%PertaminaGrowing
Thailand15,0001.4%+25.0%Thai Oil, IRPCEmerging buyer
Japan9,0000.9%-18.2%JXTG, IdemitsuDeclining
Singapore7,0000.7%+40.0%Trading desksRe-export hub

European Destinations (14.8% of crude exports)

Country2024 Volume (b/d)Share of TotalYear-on-Year ChangeKey BuyersStrategic Notes
Spain45,0004.3%+8.1%Repsol, CepsaMediterranean refining
France38,0003.6%-5.0%TotalEnergies refineriesTraditional buyer
Italy35,0003.3%+2.9%Eni refineriesAzule connection
Netherlands18,0001.7%+12.5%Rotterdam hubTrading/re-export
Portugal12,0001.1%-7.7%Galp EnergiaHistorical ties
United Kingdom8,0000.8%-20.0%VariousDeclining volumes

Americas Destinations (2.8% of crude exports)

Country2024 Volume (b/d)Share of TotalYear-on-Year Change
United States22,0002.1%-26.7%
Brazil5,0000.5%-16.7%
Canada2,0000.2%Stable

Visualization Description — Export Flow Map

A Sankey diagram of Angola’s petroleum exports would display two primary source nodes: “Crude Oil (1.05 million b/d)” and “LNG (175 Bcf)” on the left side. From the crude node, the dominant flow — a thick red band representing 660,000 barrels per day — connects to China on the right. Thinner bands extend to India (85,000 b/d), Spain (45,000 b/d), France (38,000 b/d), Italy (35,000 b/d), South Korea (32,000 b/d), and a cluster of smaller destinations. From the LNG node, the thickest band flows to France (52 Bcf), followed by the United Kingdom (40 Bcf), with a separate cluster flowing to India (35 Bcf) and smaller Asian buyers. The visual immediately communicates the extreme concentration risk in Angola’s export portfolio: China alone accounts for nearly two-thirds of all crude revenue, making Angola’s fiscal position materially exposed to Chinese refinery demand patterns, US-China trade dynamics, and Beijing’s strategic petroleum reserve management decisions.


Export Infrastructure Capacity

FacilityTypeCapacityCurrent ThroughputUtilization
Malongo TerminalCrude export600,000 b/d135,000 b/d22.5%
Girassol FPSOCrude export (direct)200,000 b/d85,000 b/d42.5%
Dalia FPSOCrude export (direct)240,000 b/d95,000 b/d39.6%
CLOV FPSOCrude export (direct)160,000 b/d85,000 b/d53.1%
Kaombo FPSOs (N+S)Crude export (direct)230,000 b/d80,000 b/d34.8%
Soyo LNG TerminalLNG export5.2 mtpa~4.4 mtpa84.6%
N’Goma FPSOCrude export (direct)100,000 b/d65,000 b/d65.0%

Export destinations map last updated: March 22, 2026. Data sources: Angola customs (trade_data.json), Sonangol marketing arm, Kpler vessel tracking, S&P Global Platts trade flow data, EIA country analysis, Chevron/Angola LNG disclosures. Trade flow volumes are estimates based on vessel tracking, customs data, and commercial intelligence; actual traded volumes may differ.

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