Oman’s Oil Production Falls 7.5% in August

Oman’s Oil Production Falls 7.5% in August

The Sultanate of Oman’s oil production in August declined by 7.5% which roughly equates to 190.91 million barrels (mmbbl) of oil, according to the Times of Oman.

According to statistics from the National Centre for Statistics and Information (NCSI), crude oil production fell whilst condensate production rose by 45.2% to touch 42.66 mmbbl, making a total of 233.57 mmbbl during the month.

Broken down to a daily average, crude oil production stood at 957,300 barrels per day (bbl/d) at the end of August 2020. This is compared with 970,500 bbl/d over the same period in 2019.

In terms of exporting figures, the Sultanate exported 193.63 mmbbl till the end of August , against 196.59 million barrels for the same period of 2019, falling by 1.5%. 

China, by far the Sultanate’s largest consumer, imported 171.06 mmbbl of crude oil from Oman. This was followed by India (6.67 mmbbl), South Korea (4.99 mmbbl), and Japan (1.60 mmbbl).


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