The Sultanate of Oman’s total exports of crude oil amounted to 56.847,3 million barrels during the 1st three months of 2007, against 63.776,5 million barrels during the corresponding period in 2006, constituting a drop of 10.9%.
According to ONA, the monthly statistical bulletin published at the National Economy Ministry website indicated that Oman’s total production of crude oil and condensates stood at 64.388,6 million barrels by the end of March 2007, against 68.669 million barrels during the corresponding period in 2006, constituting a drop of 6.2%.
The bulletin added that the average of daily production was 715,400 barrels at the end of March 2007, compared to 763,000 barrels during the corresponding period in 2006, reflecting a decline of 6.2%. According to the bulletin, the average price of Oman oil barrel fell by 6.3% by end of March 2007 to US$54.70 per barrel compared to US$58.39 per barrel during the corresponding period in 2006.
China topped the countries importing Omani Oil as it imported 24.556,9 million barrels during the 1st three months of 2007, against 23.525,9 million barrels during the corresponding period in 2006, constituting a 4.4% rise. Thailand came second, as it imported 9.633,5 million barrels by end of March 2007, against 13.427,7 million barrels, constituting a drop of 28.3%.
Meanwhile, the Sultanate’s production of natural gas rose by 11.2% by 31st March 2007 to reach 267.785 Million Cubic Feet (MCF), against 240.739 MCF during the corresponding period in 2006. Gas consumption also went up by 11.2% during the 1st three Months in 2007, to reach 267.785 MCF compared to 240.739 MCF during the corresponding period in 2006.
