Oman’s oil exports recorded 49.7 million barrels in February 2023

crude oil
crude oil

Muscat: Oil production in the Sultanate of Oman increased by 3.0 percent to reach 62,750,100 barrels by the end of February 2023, according to the National Center for Statistics and Information, showed that the Sultanate of Oman’s oil exports decreased by 6.9 percent at the end of February. February 2023 registered 49 million 713 thousand and 300 barrels.

The data indicated that crude oil production reached 49,391,700 barrels at the end of last February, up by 2.9 percent compared to the same period in 2022. Oil condensate production also increased by 3.5 percent, to record 13,358,300 barrels, compared to 12,910,400 barrels for the same period of the previous year, and the average daily oil production increased by the end of February 2023 to 1,63,600 barrels, at a rate of 3 percent, compared to the same period in 2022, which was 1,32,700 barrels.

The monthly bulletin showed that the average price per barrel at the end of February 2023 reached $81.8, an increase of 6.6 percent compared to the same period in 2022, when the price per barrel reached $76.7.

The data also showed that China topped the list of countries importing Omani oil with 44,490,400 barrels, followed by India with 1,714,400 barrels, then Japan with 1,267,700 barrels.

The data issued by the National Center for Statistics and Information indicated that the domestic production of natural gas (including imports) in the Sultanate of Oman increased by 10.3 percent at the end of February 2023, reaching 8,550,300,000 cubic meters, compared to 7,748,700,000 cubic meters. cubic meters during the same period in 2022, and the production of associated gas increased by 9.4 percent to reach one billion and 710 million and 300 thousand cubic meters, and the production of non-associated gas, including imports, increased by 10.6 percent to reach 6 billion and 840 million cubic meters.

The data indicated an increase in natural gas consumption in industrial areas by 16.5 percent, followed by electric power plants by 15.5 percent, oil fields by 11.9 percent, and gas consumption in industrial projects plants increased by 8.9 percent.

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