China Imports 77.2% of Oman’s Crude Exports

China Imports 77.2% of Oman’s Crude Exports

Shipments to China represent 77.2% of Oman’s crude oil exports, Times of Oman reports.

Oman exported 171.90 million barrels of crude between January and July 2017. Out of that amount, China imported 132.67 million barrels, according to statistics of Oman’s National Centre for Statistics and Information (NCSI) reported by the Times of Oman.

Taiwan (14.38 million barrels), South Korea (6.4 million barrels), and Japan (5.98 million barrels) were also major importers of Oman’s crude, the newspaper reports.

The largest non-OPEC oil producer in the Middle East, Oman has cut its production by 45,000 barrels this year, the Times of Iran reports.

“Oman’s petroleum and other liquids production averaged more than 1 million barrels per day in 2016, its highest production level ever. Oman was on track to maintain this production level in 2017, but it reduced production to approximately 970,000 barrels per day in early 2017 to meet the production cut it agreed to, along with members of the Organization of the Petroleum Exporting Countries (OPEC),” notes the US Energy Information Administration (EIA).


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