Oman Production of Crude Oil, Condensates Rises 10.3pc by August 2022

Muscat, The Sultanate of Oman’s production of crude oil and condensates recorded an increase by 10.3% till the end of August 2022 to reach 257,034,700 barrels, according to the latest data issued by the National Centre for Statistics and Information (NCSI).

Separately, Crude oil production saw a rise by 13.9% till the end of August 2022, while condensates production declined by 1.7%.

The total average price for crude Oman oil recorded a surge by 40.4% till the end of August 2022 to reach 95.3 US Dollars per barrel compared to 67.9 US Dollars per barrel till the end of August 2021.

The monthly average of oil price increased in August 2022 by 5.3% compared to the corresponding period in 2021.

Oman’s oil exports recorded a rise by 15.4% till the end of August 2022 compared to the corresponding period in 2021.

Oman’s oil exports to Japan recorded a surge by 252.8% to reach 8,410,800 barrels until the end of August 2022. Oil exports to South Korea also increased by 68.7% during the same period.

The Sultanate of Oman’s production of natural gas (including imports) rose by 4.8% till the end of August 2022 to reach 35,268,300,000 cubic meters.

The consumption of gas recorded an increase in industrial areas by 13.3%, industrial projects by 8.1% and oil fields by 1.6%. Meanwhile, consumption of gas in electricity power plants declined by 1.8%.

 

Source: Oman News Agency