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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Oman's oil exports to Japan grew by 252.8 per cent in August

(Image for illustration only)
(Image for illustration only)
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@JmObserver -


The Sultanate of Oman’s production of crude oil and oil condensates increased by 10.3 per cent until the end of August 2022, reaching 257,034,700 barrels, according to the latest data issued by the National Center for Statistics and Information (NCSI).


Crude oil production alone recorded an increase of 13.9 per cent during this period, while oil condensate production fell by 1.7 per cent until the end of August compared to the same period in 2021.


The average price of Omani crude oil also increased by 40.4 per cent until the end of August 2022, to reach $95.3, per barrel, compared to $67.9 per barrel at the end of August 2021.


The monthly average price of oil rose last August by RO 5.3 per barrel compared to July.


Meanwhile, the Sultanate of Oman's total oil exports witnessed an increase of 15.4 per cent until the end of August 2022 compared to the same period of the previous year.


Oman's oil exports to Japan grew significantly by 252.8 per cent to reach 8,410,800 barrels until the end of August. Oil exports to South Korea also increased by 68.7 per cent during this period.


On the other hand, Oman’s natural gas production — including imports — witnessed an increase of 4.8 per cent to reach 35.268 million m3.


Data issued by the NCSI indicated an increase in natural gas consumption in industrial areas by 13.3 per cent, industrial projects by 8.1 per cent, and oil fields by 1.6 per cent, while gas consumption in power plants decreased by 1.8 per cent.


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