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Oman’s crude oil output drops in April

Production stood at 28.81mn barrels in April falling 1.67% compared to month before

Oman’s oil and condensate production dropped in April to 28.81mn barrels, a 1.67% decrease compared to the month before, Times of Oman has reported.

According to a monthly report released by the Ministry of Oil and Gas on Sunday, the Sultanate produced 960,300 barrels of oil per day on average, while total crude oil exports dropped 9.31% to 23.7mn barrels, or 790,132 barrels per day.

Asia remained Oman’s major export market, with China buying the largest amount of Omani crude in April. However, Asian exports declined by 5%, settling at 82.94% of the Sultanate’s total export market.

According to the report, the only significant growth was visible in Taiwan, where sales of Oman crude rose by 11%, compared to the month before, making up 12.4% of Oman’s total crude oil exports.

Slight increase in imported Omani crude was present in Japan and Thailand, where imports rose by 3% and 1% respectively.

Staff Writer

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