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
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