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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Omani oil, condensate output grows 9.4pc

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Production of Omani crude oil and condensates increased 9.4 per cent to 157.462 million barrels by end-May 2022 versus figures for 2021, the National Centre for Statistics and Information (NCSI) said.


Crude production alone climbed 12.9 per cent, while condensates production declined 2.4 per cent during the same period.


The total average price of Omani crude surged 46 per cent to reach $80 per barrel compared to $54.8 per barrel in 2021.


Total exports of Omani crude oil and condensates went up by 16.3 per cent by the end of May 2022 compared to the same period of the previous year.


Oman’s oil exports to Japan soared nearly 400 per cent to reach 5,008,400 barrels this year, compared to 1,001,900 barrels during the same period in 2021.


Exports to India recorded a rise by 65 per cent during the same period.


Natural gas production (including imports) increased by 1.5 per cent by the end of May 2022 to reach 20.401 million cubic metres compared to 20.106 million cubic metres by the end of May 2021.


Consumption of gas recorded a rise in industrial areas by 14.6 per cent, industrial projects by 6.3 per cent and electricity power plants by 0.7 per cent. Meanwhile, consumption of gas in oilfields declined 9.8 per cent compared to the same period in 2021. - (With inputs from ONA)


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