The Sultanate’s oil production, including condensates, stood at 124,100,900 barrels until the end of April 2020, according to the latest data released by the National Centre for Statistics and Information (NCSI).
Of the total production, crude oil production was up by 3.4 per cent at 106,196,900 barrels while condensates production rose by 30.3 per cent to touch 17,904,000 barrels.
The Sultanate recorded a daily average crude oil production of 1,025,000 barrels at the end of April 2020, against 970,500 barrels over the same period of 2019, the NCSI report added.
However, the average price of Oman Crude rose by 0.1 per cent to reach USD62 per barrel till the end of April 2020, from $61.9 per barrel in the same period of 2019.
The Sultanate exported 96,596,800 barrels of crude oil until the end of April 2020, against 96,518,600 barrels for the same period of 2019, falling by 0.1 per cent.
In terms of exports, China retained its position as the leading destination for the Sultanate’s crude oil exports till April 2020, with the country importing 85,369,900 barrels of crude. This was followed by India (2,948,400 barrels), South Korea (1,830,00 barrels and Japan (608,200 barrels).
Oman’s natural gas production and imports rose 1.3 per cent to 14.756 billion cubic metres at the end of April 2020, from 14.564 billion cubic metres for the same period of 2019.
Of this, non-associated gas and imports rose by 2 per cent to 12.132 billion cubic metres and associated gas production fell 1.6 per cent to 2.624 billion cubic metres, added the NCSI report.
The use of natural gas in industrial projects fell by 16.4 per cent to reach 47 million cubic metres at the end of April 2020, against 57 million cubic metres for the same period of 2019. As much as 3.545 billion cubic metres of natural gas was used in oil fields, against 2.971 billion cubic metres consumed during the same period of 2019.
Of the total production, crude oil production was up by 3.4 per cent at 106,196,900 barrels while condensates production rose by 30.3 per cent to touch 17,904,000 barrels.
The Sultanate recorded a daily average crude oil production of 1,025,000 barrels at the end of April 2020, against 970,500 barrels over the same period of 2019, the NCSI report added.
However, the average price of Oman Crude rose by 0.1 per cent to reach USD62 per barrel till the end of April 2020, from $61.9 per barrel in the same period of 2019.
The Sultanate exported 96,596,800 barrels of crude oil until the end of April 2020, against 96,518,600 barrels for the same period of 2019, falling by 0.1 per cent.
In terms of exports, China retained its position as the leading destination for the Sultanate’s crude oil exports till April 2020, with the country importing 85,369,900 barrels of crude. This was followed by India (2,948,400 barrels), South Korea (1,830,00 barrels and Japan (608,200 barrels).
Oman’s natural gas production and imports rose 1.3 per cent to 14.756 billion cubic metres at the end of April 2020, from 14.564 billion cubic metres for the same period of 2019.
Of this, non-associated gas and imports rose by 2 per cent to 12.132 billion cubic metres and associated gas production fell 1.6 per cent to 2.624 billion cubic metres, added the NCSI report.
The use of natural gas in industrial projects fell by 16.4 per cent to reach 47 million cubic metres at the end of April 2020, against 57 million cubic metres for the same period of 2019. As much as 3.545 billion cubic metres of natural gas was used in oil fields, against 2.971 billion cubic metres consumed during the same period of 2019.
Source Link: timesofoman.com
POST A COMMENT
