Oman exports 52.4 million barrels of oil in February

Muscat: Statistics issued by the National Center for Statistics and Information indicate that the total quantity of the Sultanate of Oman’s oil exports by the end of February 2024 stood at 52,430,300 barrels, calculating the average price of a barrel at $80.2, as oil exports constituted 87.2 per cent of the total production, which amounted to 60,073,100 barrels.

The data indicated that total oil exports recorded an increase of 5.5 percent at the end of February 2024 compared to the end of February 2023, when total exports at that time reached 49,713,300 barrels, in parallel with a decrease in production by 4.3 percent, as production recorded at the end of February 2023 about 62,750,100 barrels.

The total production of crude oil decreased by 6.8 percent, reaching by the end of February 2024 about 46,025,800 barrels, while the total production of oil condensates increased by 5.2 percent, recording 14,047,300 barrels, while the average daily oil production reached 1,001,000 barrels until the end of February 2024.

China topped the countries importing oil from the Sultanate of Oman, with total exports amounting to 51,429,700 barrels; an increase of 15.6 percent compared to the end of February 2023, followed by Japan with 1,000,600 barrels, a decrease of 21.1 percent.