The Sultanate of Oman's overall oil exports during the first half of 2024 increased by 0.3 percent to stand at 153,362,300 barrels. The average price of a barrel was USD 82.2. Oil exports constituted 84.6 percent of the total volume of oil production, which stood at 181,144,200 barrels. Data issued by Oman's National Centre of Statistics and Information (NCSI) shows that oil production went down by 5.3 percent to stand at 181,144,200 barrels compared to 191,351,100 barrels during the corresponding period in 2023. Overall crude oil production also went down by 7.4 percent to stand at 138,656,200 barrels by the end of the first half of 2024. Meanwhile, oil condensates production rose by 2.3 percent to stand at 42,488,100 barrels. According to Oman news agency (ONA), average daily production of oil stood at 842,700 barrels till the end of June 2024. China topped the countries importing oil from the Sultanate of Oman, with its total imports amounting to 147,885,100 barrels, an increase of 5 percent compared t o the end of June 2023. The Republic of Korea imported 2 million barrels (surging by 110.5 percent), while Japan imported 2,477,200 barrels (down by 48.2 percent). Source: Qatar News Agency
Thursday, November 07, 2024