Oman’s oil exports jump 15% this year as output rises 10%

Oman’s oil exports jump 15% this year as output rises 10%

Muscat – Oman’s daily average production of crude oil increased to 1.06mn barrels per day (bpd) during the first eight months of 2022, up by more than 10 per cent in comparison to 958,600 bpd output recorded in the same period of last year.

The sultanate’s total oil production during January – August period of this year grew 10.3 per cent to 257mn barrels compared with 233mn barrels in the same period of 2021, according to data released by the National Centre for Statistics and Information (NCSI).

Of the total production, crude output jumped by 13.9 per cent year-on-year to 204.6mn barrels during the eight months period, while condensates output decreased 1.7 per cent to 52.4mn barrels.

Oman’s total oil exports grew by 15.4 per cent during the first eight months of 2022 to 217.3mn barrels as compared with 188.3mn barrels recorded in the corresponding period of 2021, the NCSI data showed.

The sultanate’s total oil exports for the full year 2021 had inched up 0.7 per cent to 288.9mn barrels from 287mn barrels in 2020.

Exports to China, the biggest buyer of Oman’s crude, accounted for nearly 77 per cent of the sultanate’s total oil exports during the first eight of this year.

Total oil