Muscat: Despite steady output, exports declined by 1.5% compared to January 2024, when shipments totaled 26.20 million barrels.
Oman’s total oil production stood at 30.61 million barrels in January, marking a 2% drop from the 31.23 million barrels produced in the same period last year. Crude oil production saw a sharper decline of 2.2%, amounting to 23.39 million barrels, while condensate production remained stable at 7.21 million barrels.
The Sultanate’s average daily oil production in January reached 987,500 barrels per day, reflecting a consistent output despite the slight overall decrease. Oman’s oil exports were valued based on an average price of $72.5 per barrel, in line with recent global market trends.
Read More
- Oman, Iran agree framework for safe shipping corridor through Strait of Hormuz
- Thunderstorms, strong downdraft winds sweep parts of Oman
- Saudi Crown Prince sends written message to His Majesty Sultan Haitham
- Oman FM arrives in Tehran, discusses safe passage of ships through Strait of Hormuz
- CPA seizes 1,668 soft drinks, 177 expired juice cans in Oman
