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As of 2021, Angola's reserves were dominated by crude oil: 7.783 billion barrels of proved reserves. It also held 12.11 trillion cubic feet of gas. Over the last decade, oil reserves declined significantly (-18%).
Oil reserves (2021)
7.78 B bbl
Natural gas reserves (2021)
12.11 TCF
Angola was a meaningful holder of crude oil reserves, which anchored its position in global energy markets. Reserve estimates had trended lower, reflecting extraction outpacing new discoveries.