Muscat - The Sultanate of Oman's crude oil exports to India, which is the second-largest importer of Omani oil, has increased by 44.4 percent.
The production of the Omani crude oil and oil condensates increased by 8.7 percent at the end of last March to reach 93,304, 400 barrels, compared to 85, 825, 800 barrels at the end of March 2021, according to data issued by the National Center for Statistics and Information (NCSI).
Crude oil production alone increased by 12.2 percent during this period, while the Sultanate of Oman’s production of oil condensate decreased by 2.7 percent at the end of last March compared to the end of March of 2021.
The average price of Omani crude oil also recorded an increase of 59.5 at the end of March 2022 to reach $79 per barrel, compared to $49.5 per barrel at the end of March 2021 AD, and the average price of oil increased by 14.3 percent in March compared to February this year.
It may be noted that the Sultanate's budget for 2022 is based on the oil price of $50 per barrel.
The total exports of the Sultanate of Oman of crude oil witnessed an increase of 18 percent at the end of March 2022, compared to the same period in March 2021
The natural gas production (including imports) in the Sultanate of Oman at the end of last March witnessed a slight increase of 0.8 percent to reach 11, 727, 600 000, cubic meters, compared to 11, 635. 800,000 meters at the end of March 2021.
The Data issued by the National Center for Statistics and Information indicated that the consumption of natural gas in industrial areas increased by 13.9 percent at the end of last March, compared to the same period in 2021, and in industrial projects by 4.8 percent.
While gas consumption witnessed a decrease in oil fields by 7 percent and power plants by 3.3 percent at the end of last March.
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