Oman’s total oil exports rise 13.4 per cent

MUSCAT, DEC 17

The Sultanate of Oman's production of crude oil and condensate oil increased by 10.4 per cent until the end of October, to reach 323.72 million barrels, compared to October last year, which amounted to 293. 22 million barrels, according to the latest statistics from the National Centre for Statistics and Information (NCSI).

Crude oil production alone increased by 14.1 per cent, while oil condensate production decreased by 2 per cent until the end of last October compared to the same period in 2021.

The average price of Omani crude oil increased by 56 per cent until the end of October 2022, to reach $96.3 per barrel, compared to $61.7 per barrel until the end of October 2021.

The total oil exports of the Sultanate of Oman increased by 13.4 per cent until the end of October, compared to the same period last year, as the total exports amounted to 269.39 million barrels, compared to the same period last year, which amounted to 237. 49 million barrels.

Oil exports to Japan recorded a growth of 201.7 per cent, to reach 10.21 million barrels until the end of last October, compared to the same period last year, which amounted to 3.38 million barrels. Oil exports to South Korea increased by 73.6 per cent during this period, to reach 11.36 million barrels compared to October of 2021 with 6.54 million barrels.