Oman’s crude oil exports grew by 6.2% to 190.71mb during the first seven months of 2016. However, the average price of Omani crude fell by 39.9% to $36.4 per barrel in the overseas markets during the same period of time, from $59.9 per barrel compared with 2015, with a dip of 48% in net revenues, reported Times Of Oman.
Crude imports to China increase by 2.9% to reach more than 143m barrels.
While, the Sultanate’s production of crude oil and condensates grew by 3.2% to 213.4mb in the first seven months, compared with 206.71mb for the same period in 2015. This was equivalent to an average daily output of slightly over 1m barrels during 2016, according to Headline News.
Furthermore, the country’s natural gas production and imports grew by 6% to reach around 24,000mcm in the first seven months of 2016, from 22,666mcm compared with the same period last year.