- Crude oil production alone increased by 13.5%, amounting to 283.53mln barrels
According to Zawya article published on January 3, 2023, the Sultanate of Oman’s production of crude oil and condensate oil increased by 10 per cent until the end of November 2022, to reach 355.47 million barrels, compared to the same period in 2021, which amounted to about 323.17 million barrels, according to the data issued by the National Centre for Statistics and Information (NCSI).
Crude oil production alone increased by 13.5 per cent, amounting to 283.53 million barrels, while oil condensate production decreased by 2 per cent until the end of last November compared to the same period in 2021.
According to the data, the average price of Omani crude oil increased by 52.7 per cent until the end of November 2022, to reach $95.8 per barrel, compared to $62.77 per barrel until the end of November 2021.
The Sultanate of Oman’s total oil exports increased by 12.7 per cent until the end of November 2022 compared to the same period in 2021, to reach 293.94 million barrels compared to the same period in 2021, with the total exports amounted to 260.80 million barrels.
Data showed that oil exports to Japan recorded a growth of 215.9 per cent, to reach 10.69 million barrels until the end of last November, compared to the same period in 2021, which amounted to 3. 38 million barrels. Oil exports to the Republic of Korea increased by 92.8 per cent, to reach 12.62 million barrels, compared to November of 2021, which amounted to 6.54 million barrels.
On the other hand, natural gas production (including imports) in the Sultanate of Oman increased by 2.3 per cent to reach 47,113,100 cubic metres.
Data issued by the National Centre for Statistics and Information indicated an increase in natural gas consumption in industrial areas by 12.5 per cent, and industrial projects by 7.5 per cent. Meanwhile gas consumption witnessed a decrease in each of the following: oil fields by 7 per cent and power plants by 1.8 per cent.
