Oman’s oil exports exceed 230mn barrels by end of September

Oman’s oil exports exceed 230mn barrels by end of September

Muscat: The total volume of Oman’s oil exported as of the end of September 2023 stood at 230,292,300 barrels. The average oil price was calculated at $79.9 per barrel. Exports comprised 80.2 per cent of total oil production, which stood at 287,037,500 barrels, according to the data issued by the National Centre for Statistics and Information (NCSI).

Total crude oil production dropped by 3.3 per cent to reach 223,555,200 barrels. The total condensate production rose by 8.1 per cent to reach 63,482,300 barrels. The average daily oil production hit 1,051,400 barrels as of the end of September 2023.

China topped the list of countries importing Oman’s crude oil with 210,172,000 barrels, followed by Japan with 7,384,500 barrels. Korea stood next with 2,851,600 barrels, followed by India with 2,716,200 barrels, while exports to other countries stood at 7,168,000 barrels.

Meanwhile, the total local production and imports of natural gas stood at 40,589.9 million cubic metres as of the end of September 2023, constituting a rise of 3.6 per cent compared to 39,174.1 million cubic meters reported during the corresponding period in 2022. Natural gas usage by industrial projects stood at 23,777.0 million cubic metres, constituting 58.5 per cent of total usage.

Oilfields used 10,089.0 million