Oman’s Oil Revenues Jump 43%

Oman’s Oil Revenues Jump 43%
Oman E&P, Retail, Biodiversity, 2008

Oman’s oil revenues for the first seven months of 2017 climbed to OMR 2.5647 billion ($6.6616 billion), a 43% year-on-year increase from the OMR 1.7941 billion ($4.6600 billion) during the same time period last year, the Times of Oman reports.

Oman also witnessed an uptick in natural gas revenues. Revenues rose to OMR 832.6 million ($2.163 billion), up 6.9% from OMR 778.9 ($2.023 billion) during January-July 2016, according to the Times of Oman.

During this period, Oman produced 235.33 million barrels of crude oil and condensates, down 3.9% from the 244.79 million barrels produced during first seven months of last year, according MENAFN.

The numbers cited by the Times of Oman are based on statistics released by the National Centre for Statistics and Information (NCSI).


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