Oman’s total crude oil and condensates production in 2015 grew almost 4% to touch 358.10mn barrels, which is equivalent to 981,090 barrels per day (bpd).
This is against 344.37mn barrels production in 2014, equivalent to 943,500 bpd.
Total crude oil exported in 2015 stood at 308.13mn barrels, a daily average of 844,207 barrels. The statistics also pointed out that China topped the list of importers of the Omani oil in 2015 by 77.1%.
Further, the statistics showed that the average of the Omani oil price last year stood at $56.45 per barrel, against an average price of $103.23 per barrel in 2014.
According to the monthly report released by the Ministry of Oil and Gas, the Sultanate’s total production of crude oil in December alone stood at 31.21mn barrels, a daily rate of 1,006,905 barrels, a growth of 1.12% compared to the previous month.
The report pointed out that the total crude oil exports in December 2015 stood at 25.62mn barrels, a daily rate of 826,547 barrels, showing a growth of 0.77% over the previous month.
The percentage of China’s imports of the Omani crude oil in December 2015 comprised 68.16% of the Omani oil exports, a marginal growth of 0.69% compared to November, 2015.
However, imports of Taiwan and South Korea fell by 5.30% and 2.240%, respectively, compared to November 2015.
The percentage of the Omani crude oil imported by India comprised 3.85%, Japan 1.98% and Thailand 0.03% in comparison with November 2015. It should be noted that Australia imported quantities of the Omani crude oil during December 2015.
