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Oman’s crude exports rise by over 10%

Sultanate enjoys rise in exports despite low global oil demand

Oman's crude exports rise by over 10%
Oman's crude exports rise by over 10%

Oman’s national economy ministry has announced that the Sultanate’s crude exports for the first four months of 2009 rose by 10.8% to almost 80 million barrels, compared to the same period of 2008.

Oman exported just over 94 million barrels of crude oil and condensates, with daily production rising by 5.98% to 786,100 barrels.

It is believed that Oman benefited from production cuts in OPEC nations. Oman is the largest oil producer in the GCC region that is not a member of the cartel.
 

Staff Writer

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