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Oman Business News

Oman regular grade petrol production rises 166%

Oman recorded a whopping 166 per cent year-on-year increase in the production of regular (90) petrol during the first two months of 2016, with output surging to 1.03 million barrels compared to 388,100 barrels produced last year, according to the latest data released by the National Centre for Statistics and Information (NCSI).

Super (95) petrol output too logged a 2.1 per cent growth over the period to touch 3.43 million barrels as against 3.36 million barrels in 2015.

Last year, the aggregate output by Oman Oil Refineries & Petroleum Industries Company (Orpic) of regular and super petrol stood at 2.02 million barrels and 23.34 million barrels respectively. It may be noted that last year, regular petrol accounted for just 2 per cent of Orpic’s total petroleum products output, while super petrol had a share of 28 per cent.

The first two months registered a 12.8 barrels increase in the output of petroleum products (petrol, jet fuel, oils, LPG, propylene, naphtha, long residual and others taken together) compared to last year, with production increasing to 13.90 million barrels compared to 12.32 million barrels achieved in 2015.

There has been a marked increase of 35.2 barrels in the production of jet fuel (aviation fuel) by the end of February, which surged to 890,500 barrels from 658,400 barrels in the same period of 2015.

On the other hand, fuel oil output rose 33.9 per cent to hit 258,400 barrels as against 193,000 barrels from 156,000 barrels last year. However, in the case of gas oil output, the growth rate was confined to 13.6 per cent at 3.73 million barrels.

Meanwhile, LPG (liquefied petroleum gas) production increased 15.8 percent to 446,700 barrels from 385,900 barrels recorded in the January-February period of 2015.

In contrast, Oman enhanced its SR naphtha output by a significant 107.1 per cent over the two months, driving production to 783,700 barrels compared to 378,400 barrels during the same period last year.

At the same time propylene production fell 11 percent to 198,700 barrels while long residual declined 6.6 percent to 3.05 million barrels. Other products showed a 59.4 per cent slump in output over the first two months compared to the figures last year.

Source Link: timesofoman.com

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  • petrol production
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