Oil Industry Ends Contraction, Pulling Angola Economy to Growth

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 50%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Angola’s economy expanded in the second quarter after the OPEC member’s largest industry — oil and refining — ended two consecutive quarters of contraction.

Gross domestic product rose 0.2% in the three months through June, compared with a 1.1% decline in the prior quarter, the Luanda-based statistics agency said in a report published on its website on Monday. The year-on-year rate was flat, compared with 0.3% growth in the previous three-month period.

The oil and refining industry, which makes up about 26% of GDP, was the main driver of growth. The sector expanded 7.6% in the second quarter, after contracting 4.4% in the prior three months and 6.1% in the last quarter of 2022.Angola, Africa’s third-biggest oil producer, pumped 3.27 million barrels of oil in the second quarter, compared with 3.23 million barrels in the three months through March, according to data compiled by Bloomberg.

The finance and insurance industry expanded 23% on the quarter and 40% on the year. The growth was driven by insurance companies and commercial banks reporting 38% and 50% increases in income respectively, the statistics agency said.Laurentian Bank says Éric Provost has been appointed president and chief executive, following a computer outage at the bank last week.Rogers Communications Inc.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 83. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Oil Industry to Act on Methane and Flaring, COP28 Chief SaysLarge swathes of the global oil industry will pledge to eliminate methane emissions and gas flaring by the end of the decade, the president of the COP28 climate summit said.
출처: BNNBloomberg - 🏆 83. / 50 더 많은 것을 읽으십시오 »

OPEC optimistic on demand, calls for more oil and gas investmentOPEC Secretary-General Haitham Al Ghais stressed the importance of continued investment in the oil and gas industry and said he sees calls to stop investing in oil as counterproductive
출처: globeandmail - 🏆 5. / 92 더 많은 것을 읽으십시오 »