Oman’s crude oil production falls 4.6% in June

Oman’s crude oil production falls 4.6% in June

August 15, 2020 | 4:27 PM

by ONA

Muscat: The Sultanate's oil production, including condensates, stood at 177.30 million barrels at the end of June 2020, according to the latest data released by the National Centre for Statistics and Information (NCSI).Of the total production, crude oil production was down by 4.6 per cent at 147.76 million barrels while condensates production rose by 41.8 per cent to touch 29.54 million barrels.Oman recorded a daily average crude oil production of 964,200 barrels at the end of June 2020, against 970,600 barrels over the same period of 2019, the NCSI report added.However, the average price of Oman Crude fell by 20.6 per cent to reach $51.1 per barrel at the end of June 2020, from $64.3 per barrel in the same period of 2019.

The Sultanate