Oman: Oil production down, gas production up

Published June 19th, 2005 - 06:41 GMT

The Sultanate of Oman's crude oil exports stood at 86,856,5 million barrels during the first four months of 2005, compared to 86,926,5 million barrels during the same period in 2004, reflecting a 0.1% drop.

 

The monthly statistical bulletin issued by the National Economy Ministry stated that the Sultanate crude oil and oil condensates production was 92,712,9 million barrels at the end of April 2005, compared to 95,48 million barrels in 2004, a 2.5% drop.

 

According to ONA, the average daily production was 772,6 thousand barrels during the first four months of 2005, against 785,5 barrels in 2004, a 1.6% decline.

 

The average price of Oman oil rose by 43.7% at the end of April 2005 to US$ 44.23 per barrel, compared to US$ 30,78 in 2004.

 

China topped the countries importing Omani oil as it imported 31,953,5 million barrels during the first four months in 2005, against 38,237,9 million barrels during the same period in 2004, constituting a 16,4 drop.

 

Oman's natural gas production rose by 2.1% during the first four months of 2005, to 252,691 billion cubic feet, compared to 247,499 billion cubic feet during the corresponding period in 2004.

 

Gas consumption also rose by 2.1% at the end of April 2005 to 252,691 billion cubic feet, compared to 247,499 billion cubic feet at the end of April 2005.