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Value of Oman crude oil rises over thirty percent in a year

Atheer – Oman News Agency

As of the end of January the average price of a barrel of Omani crude oil had risen by 36.6 percent over the previous year, to reach $60.8.

Data provided by the National Centre for Statistics and Information showed that the Sultanate’s total exports of crude oil and condensates at the end of January was 25,064,600 barrels, a decrease of 5.9 percent over the same period.

Meanwhile crude oil and condensates output stood at 29,978,600 barrels, of which 26,816,900 barrels were crude oil and 3,161,700 barrels were condensate oil.

The majority of the Sulatante’s crude oil and condensates exports went to China, with this figure totalling 19,777,500 barrels, followed by India with 3,986,000 barrels and Taiwan with 2,001,000 barrels.

Furthermore, the total domestic production and imports of natural gas amounted to 3.8 billion cubic metres, an increase of 11.2 percent.

The statistics showed that industrial projects accounted for 2.37 billion cubic metres or 62.3 percent of Oman’s natural gas use. A total of 890 million cubic metres worth of oil fields were used for natural gas, which was an increase of 28.4 percent.

The use of natural gas power plants amounted to 490 million cubic meters, or a decrease of 1.1 percent.

The non-associated production of natural gas, including imports, amounted to 3.14 billion cubic metres, while the production associated with oil was 665 million cubic metres.

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