Oman's oil production rises 3.6% to 33.23mn barrels

Muscat: Oil production in the Sultanate of Oman increased by 3.6 per cent, to reach 33.23 million barrels by the end of January 2023.

Crude oil production recorded 25,978,600 barrels, while the production of condensate oil reached about 745,200 barrels, according to preliminary data issued by the National Centre for Statistics and Information (NCSI).

The average price of Omani crude oil increased by 7.3 per cent until the end of last January, to reach $86.2 a barrel, compared to $80.3 a barrel during the same period in 2022. The average daily oil production increased by 3.6 per cent.

The statistics indicated that total oil exports decreased at the end of last January by 6.9 per cent, to reach 26.46 million barrels at the end of January 2023, compared to 27.97 million barrels during the same period in 2022.

China topped the list of countries importing Omani oil with 21,639,100 barrels, followed by India with 1,714,400 barrels and then Japan with 1,267,700 barrels.