Oman’s crude oil production falls 7.5% in August

  • Date: 05-Oct-2020
  • Source: Times of Oman
  • Sector:Oil & Gas
  • Country:Oman
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Oman’s crude oil production falls 7.5% in August

Muscat: The Sultanate's oil production, including condensates, stood at 233.57 million barrels until the 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 per cent at 190.91 million barrels while condensates production rose by 45.2 per cent to touch 42.66 million barrels.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.However, the average price of Oman crude fell by 26.3 per cent 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 barrels of crude oil