Oman’s oil exports jump 11% in 2022 as output rises 9.6%

Oman’s oil exports jump 11% in 2022 as output rises 9.6%

Muscat – Oman’s average daily production of crude oil and condensates exceeded 1.06mn barrels per day (bpd) for the full year 2022, up by 9.6 per cent in comparison to average daily output of 971,200 bpd recorded in 2021.

The sultanate’s total oil production in 2022 increased by nearly 10 per cent to 388.4mn barrels compared to 354.5mn barrels in 2021, according to data released by the National Centre for Statistics and Information (NCSI).

Of the total production, crude production grew by 12.8 per cent to 309.5mn barrels in 2022 from 274.4mn barrels in 2021, while condensates output decreased by 1.4 per cent to 78.9mn barrels during last year against 80mn barrels in 2021.

Total oil exports for the full year 2022 grew by 10.6 per cent to 319.5mn barrels in comparison with 288.9mn barrels in the previous year, the NCSI data showed.

Exports to China, the biggest buyer of Oman’s crude, accounted for nearly 82 per cent of the sultanate’s total oil exports during 2022 compared with 84 per cent share in 2021. Total exports to China last year increased by 7.6 per cent to 260.8mn barrels compared to 242.2mn barrels in 2021.

On the other hand, exports to India increased by 7.8 per