MUSCAT : Accounting for 84.8% of the country’s total oil production of 332.7 million barrels, according to preliminary data from the National Center for Statistics and Information (NCSI), the average price per barrel stood at $81.8.

Despite the robust export figures, oil exports fell by 0.4% compared to the 283.4 million barrels exported by November 2023. This aligns with a 5.1% year-on-year drop in total oil production, which stood at 350.5 million barrels by the end of November 2023. Crude oil production alone decreased by 6.5% to 254.6 million barrels in 2024, while condensate production reached 78 million barrels. Average daily production during this period was 993,100 barrels.

China remained Oman’s largest oil importer, accounting for 264.5 million barrels—a 1.5% increase from the previous year. Korea saw a significant 51.7% surge in imports, totaling 5.8 million barrels, followed by Japan at 4.5 million barrels, although this marked a 49.8% decline. Exports to India rose by 10.6% to reach 3 million barrels.

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