Muscat: Preliminary data from the National Centre for Statistics and Information (NCSI) shows that oil exports, priced at an average of $82.5 per barrel, constituted 84.5% of the total production.

Oman’s total oil exports increased by 0.05% year-on-year, reaching approximately 179 million barrels. However, total production fell by 5.2%, standing at around 211.9 million barrels by the end of July. Crude oil production dropped 7.1%, hitting 162.2 million barrels, while condensate production saw a modest rise of 1.6%, totalling nearly 50 million barrels.

Despite the decrease in production, Oman maintained an average daily output of 994,800 barrels.

China remained the top importer, with over 171 million barrels of Omani oil, marking a 4.8% increase compared to last year. Japan followed, importing 3.5 million barrels, which represented a steep decline of 40.9%. Korea rounded out the top three with 2.5 million barrels, showing a sharp rise of 28.1%.