• Oman

    • Oman crude oil production rises 10% to 355m barrels

    By on January 29, 2023
    crude oi
    crude oi

    Muscat: The Sultanate of Oman’s production of crude oil and condensates recorded a rise by 10% till the end of November 2022 to stand at 355,473,100 barrels compared to 323,174,600 barrels during the corresponding period in 2021, according to the latest data issued by the National Centre for Statistics and Information (NCSI).

    Separately, crude oil production increased by 13.5% to reach 283.534 million barrels, while the production of condensates dropped by 2% till the end of November 2022.

    The average price of Oman’s crude oil surged by 52.7% till the end of November 2022 to reach USD 95.8 per barrel compared to USD 62.77 per barrel by the end of November 2021.

    Oman’s total exports of oil increased by 12.7% till the end of November 2022 to stand at 293,944,600 barrels compared to 260,804,100 barrels during the corresponding period in 2021.

    Oman’s oil exports to Japan surged by 215.9% to stand at 10,695,200 barrels till the end of November 2022 compared to 3,385,700 barrels by the end of November 2021. Oil exports to the Republic of Korea also rose by 92.8% to stand at 12,621,100 barrels compared to 6,547,800 barrels by the end of November 2021.

    Gas production (including imports) in Oman registered a growth of 2.3% to reach 47,113.1 million cubic metres.

    Consumption of natural gas increased by 12.5% in industrial areas and 7.5% in industrial projects. Meanwhile, natural gas consumption declined by 7% in oil fields and 1.8% in electricity power plants. – ONA

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