Friday 19 / April / 2024
Muscat: Oman’s production of crude oil and condensates recorded an increase of 10.3 per cent to reach 257.34 million barrels at the end of August 2022, according to the latest data issued by the National Centre for Statistics and Information (NCSI).
Separately, crude oil production saw a rise of 13.9 per cent while condensates production declined by 1.7 per cent at the end of August, compared to the same period of August 2021.
The average price of Omani crude oil also recorded an increase of 40.4 per cent at the end of August 2022 to reach $95.30 per barrel, compared to $67.9 per barrel at the end of August 2021. The monthly average price of oil also increased by 5.3 per cent in August 2022 compared to the previous month of the same year.
The Sultanate of Oman's oil exports to Japan grew significantly by 252.8 per cent to reach 8,410,800 barrels at the end of last August. Oil exports to South Korea also increased by 68.7 per cent during this period.
On the other hand, natural gas production, including imports, in the Sultanate of Oman until the end of August witnessed an increase of 4.8 per cent to reach 35.26 billion cubic metres.
Data issued by the National Centre for Statistics and Information (NCSI) indicated an increase in natural gas consumption in industrial areas by 13.3 per cent, industrial projects by 8.1 per cent, and oil fields by 1.6 per cent, while gas consumption in power plants decreased by 1.8 per cent.
