Oman’s oil exports decline 6% in January

Muscat - 

Oman’s total exports of crude oil and condensates fell 5.9 per cent to 25.06mn barrels in January this year compared with total exports of 26.65mn barrels in January 2017, according to the data released by the National Centre for Statistics and Information (NCSI).

Average price of Oman crude rose 36.6 per cent in January 2018 to reach to US$60.8 per barrel compared with US$44.5 per barrel in January of the previous year. The sultanate’s production of crude oil and condensate in January stood at 29.97mn barrels, including 26.81mn barrels of crude oil and 3.16mn barrels of condensate.
China continued to remain the largest importer of Oman’s crude oil as exports to China reached 19.07mn barrels in January. India was the second biggest importer of Oman crude with imports of 3.98mn barrels in January, followed by Taiwan with 2mn barrels imports from Oman.
On the other hand, total domestic production and imports of natural gas reached 3.8bn cubic meters in January, an increase of 11.2 per cent compared with 3.42bn cubic meters in January 2017.

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