Reserves of LNG in Oman rise by 7% at end of 2022

Reserves of LNG in Oman rise by 7% at end of 2022

Muscat: The reserves of liquefied natural gas (LNG) rose by 7 percent to 24 trillion cubic feet in 2022 compared to the corresponding period of 2021. The annual report issued by the Ministry of Energy and Minerals indicated that the expected total reserves of crude oil and condensate oil expected by the end of 2022 amounted to 4,905 million barrels, up by one percent compared to the previous year, while The annual report issued by the Ministry of Energy and Minerals (MEM) further indicated that the expected total reserves of crude oil and condensate oil expected at the end of 2022 amounted to 4,905 million barrels, up by one percent compared to the previous year. At the end of last year, the number of companies operating in concession areas in the field of oil and gas exploration and production was 18 and 37 respectively. The total oil exports of crude oil and condensate during the year amounted to about 318 million barrels, with China ranked first in the list of countries importing Omani oil with a rate of 81.7 percent. The Ministry of Energy and Minerals in a statement on Saturday said that it also signed one new petroleum agreement