Muscat, The Sultanate’s crude oil production,

including condensates, marginally rose 0.2 percent to 235,76 million

barrels by the end of August 2018, compared to a production of

235,334.6 million barrels for the same period of last year.

Of the total production, crude oil output stood slightly lower at

26,744.3 million barrels, while condensates production touched 3.46

million barrels in August alone this year, according to the latest

monthly statistics released by the National Centre for Statistics and

Information (NCSI).

Oman recorded a daily average daily crude oil production of

970.200 barrels per daily by the end of August 2018, against a daily

average output of 968,500 barrels for the same period of 2017, the

NCSI report added.

The average price of Oman Crude surged ahead by 30.2 percent to

$66.4 per barrel by the end of August, from $51 per barrel in the same

period last year, shows the NCSI report.

Of the total output of 235,795.0 million barrels for the first eight

months of 2018, Oman exported 195,492.3 million barrels of crude oil

by the end of August 2018, against 197,09 million barrels for the same

period of last year, showing a growth of 0.8 percent.

Source: Oman News Agency