Angola Earned $48.6 Billion in Oil Exports, Central Bank Says

May 30 (Bloomberg) -- Angola earned $48.6 billion from oil exports last year, with about $20 billion of crude exported to China, the southern African nation’s central bank said.

Sales to China increased from $15 billion in 2009, while U.S. bought $8.8 billion worth of oil in 2010 compared with $7.4 billion a year earlier, the Luanda-based Banco Nacional de Angola said in a statement on its website today.

To contact the reporter on this story: Candido Mendes in Luanda at cmendes6@bloomberg.net

By Candido Mendes