Oman's oil production, including condensates, stood at 124.1 million 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% at 106.19 million barrels while condensates production rose by 30.3% to touch 17.9 million barrels, an Oman News Agency report quoting the data said.

 

The Sultanate recorded a daily average crude oil production of 1.025 million barrels at the end of April 2020, against 970,500 barrels over the same period of 2019, the NCSI added.

 

The average price of Oman Crude rose by 0.1% to reach $62 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.

 

In terms of exports, China retained its position as the leading destination for the Sultanate’s crude oil exports, 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% to 14.756 billion cu m at the end of April 2020, from 14.564 billion cu m for the same period of 2019. Of this, non-associated gas and imports rose by 2% to 12.132 billion cu m and associated gas production fell 1.6% to 2.624 billion cu m, added the NCSI report.

 

The use of natural gas in industrial projects fell by 16.4% to reach 47 million cu m at the end of April, against 57 million cu m for the same period of 2019. As much as 3.545 billion cu ms of natural gas was used in oil fields, against 2.971 billion cu m consumed during the same period of 2019.