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China buys 63 pct of Angolan crude exports in 2016
Release time:2017-07-07
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China bought 62.7 percent of the crude oil exported by state-owned Angolan National Fuel Co. (Sonangol) last year, Lusa reports.

The Portuguese news agency, citing the Sonangol annual report, says the company exported 127.82 million barrels of crude to China last year.

The report says India was the second-biggest foreign customer of Sonangol, buying 9.8 percent of the crude the company exported.

Sonangol exported 203.86 million barrels of oil last year, 9 percent less than the year before, the decrease being due to a decline in the volume produced and the fall in the international price of crude, Lusa says.