Thursday 07 / November / 2024
Muscat: The Sultanate of Oman’s oil exports recorded an increase of 0.1 percent at the end of September 2024 to reach 230.57 million barrels compared to 230.29 million barrels during the corresponding period in 2023, according to the data issued by the National Centre for Statistics and Information (NCSI).
According to NCSI statistics, the production of oil in the Sultanate of Oman decreased by 5.1 percent at the end of September 2024 to reach 272,411,400 barrels compared to 287,037,500 barrels during the corresponding period in 2023.
Crude oil production decreased by 6.7 percent, while the production of condensates increased by 0.6 percent at the end of September 2024 compared to the corresponding period in 2023.
Average oil price increased by 3.5 percent to reach $82.6 per barrel at the end of September 2024, compared to $79.9 per barrel at the end of September 2023. Daily average production also decreased by 5.1 percent at the end of September 2024.
As far as exports are concerned, Oman’s oil exports to China recorded an increase by 4.5 percent to reach 219,556,900 barrels until the end of September 2024. Oil exports to India decreased by 26.3 percent, while exports to Korea increased by 31.8 percent.
