The Sultanate of Oman’s total exports of oil by the end of December 2023 stood at 310,331,200 barrels with an average oil barrel price of $82.3, according to the data issued by the National Centre for Statistics and Information (NCSI).
Oil exports constituted 81 per cent of the total oil production which stood at 382,770,200 barrels.
In general, the total oil export decreased by 2.4 per cent compared with December 2022 when the export stood at 317,977,900 barrels in parallel with a decline in production by 1.8 per cent when it reached 388,434,800 barrels in 2022.
The total production of crude oil production decreased by 3.9 per cent to stand at 297,293,600 barrels by the end of December. Meanwhile, the production of condensates registered a rise of 8.3 per cent to stand at 85,476,600 barrels. The average daily production of oil stood at 1,048,700 barrels till the end of December 2023.
China topped the list of countries importing Oman’s oil with total exports standing at 285,642,500 barrels, comprising a rise of 10 per cent compared with December 2022. It was followed by Japan with 9,385,900 barrels (19.8 per cent down), Korea with 5,214,600 barrels (56.8 per cent down) and India with 2,716,200 barrels (91.3 per cent down). Exports to other countries stood at 7,371,800 barrels, up by 127.1 per cent.—The Times of Oman
