The Sultanate's oil production, including condensates, stood at 324.3 million barrels till the end of November 2019, compared to 326.3 million barrels according to the latest data released by the (NCSI).
Of the total production, crude oil production was down by 3% at 281.3 million barrels, while condensates production rose by 18.7% to touch 42.9 million barrels. Oman recorded a daily average crude oil production of 971 barrels at the end of November 2019, against 977.1 barrels over the same period of 2018, the NCSI report added.
However, the average price of Oman Crude fell by 7% to reach $63.9 per barrel till the end of November 2019, from $68.7 per barrel in the same period of 2018. Oman exported 281.7 million barrels of crude oil till the end of November 2019, against 269.2 million barrels for the same period of 2018, which is an increase by 4.6%. China retained its position as the leading destination for the Sultanate's crude oil exports at the end of November 2019, with the country importing 219.7 million barrels of crude oil from Oman. This was followed by Japan (21.43 million barrels), India (14.77 million barrels) and South Korea (7.48 million barrels). Oman produced 357.1 million barrels of oil and exported 289.2 million barrels in 2018. Besides, the country's daily oil production stood at 978,400 million barrels last year.
Natural gas output
Oman's natural gas production and imports rose 0.8% to 42,194 million cubic meters (MNCM) at the end of November 2019, from 41,844 MNCM for the same period of 2018. Of this, non-associated gas and imports rose by 0.1% to 34,550 MNCM and associated gas production rose by 4.1% to 7,644 MNCM, added the NCSI report. The use of natural gas in industrial projects rose by 3.8% to reach 26,087 MNCM at the end of November 2019, against 25,131 MNCM for the same period of last year. As much as 8,886 MNCM of natural gas was used in oil fields, against 8,751 MNCM units consumed for the same period of 2018.