Oman’s production of crude oil and condensate oil increased by 10.4 percent to reach 323.73 million barrels by late October 2022 compared to October 2021, according to the data published by the country’s National Center for Statistics and Information.
Crude oil production alone increased by 14.1 percent, while oil condensate production decreased by 2 percent by late October 2022 compared to the same period in 2021, Times of Oman reported on Saturday.
The average price of Omani crude oil increased by 56 percent during this period up to $96.3 per barrel, compared to $61.7 per barrel in late October 2021.
Oman’s total oil exports increased by 13.4 percent by late October 2022, compared to the same period in 2021.
Total exports amounted to 269.4 million barrels by late October 2022 compared to 237.5 million barrels in late October 2021.
Meanwhile, Oman's natural gas production (including import) increased by 2.5 percent by late October 2022 up to 43.21 billion cubic meters.
The data issued by the Center indicated an increase in natural gas consumption in the industrial sector by 13.1 percent and industrial projects by 6.9 percent.
Gas consumption witnessed a decrease in oil fields by 4.4 percent and power plants by 2.8 percent.
