Oman’s crude oil production down 7.5%

Oman’s crude oil production down 7.5%

Oman's oil production, including condensates, stood at 233.57 million barrels during the period from January to end of August 2020, according to the latest data released by the National Centre for Statistics and Information (NCSI).

 

Of the total production, crude oil production fell by 7.5% at 190.91 million barrels while condensates production rose by 45.2% to touch 42.66 million barrels, said an Oman News Agency report quoting NCSI data.

 

Oman recorded a daily average crude oil production of 957,300 barrels at the end of August 2020, against 970,500 barrels over the same period of 2019, the NCSI report added.

 

The average price of Oman Crude fell by 26.3% to reach $47.7 per barrel till the end of August 2020, from $64.7 per barrel in the same period of 2019.

 

The sultanate exported 193.63 million