China accounted for 84% of Oman’s total crude exports
China accounted for 84 percent of Oman’s total crude exports of 26 million barrels in August 2022, a slight low of 0. 9 percent from last month, the Ministry of Energy and Minerals said in a report. India is the largest market at the moment with a 10 percent share. , followed by Japan (4%) and Thailand (2%).
Average overall production of crude oil and petroleum condensates in the Sultanate of Oman for the month of August 2022 was approximately 1. 09 million barrels per day (bpd), an increase of 0. 7% compared to last month. Crude oil production increased 16. 6% in August 2022 compared to the same period of the previous year. Crude oil and condensate production totaled 34 million barrels in August 2022.
The average value of Oman’s crude oil futures contract on the Dubai Mercantile Exchange (DME) fell 9. 4% in August from last month. $97. 00 per barrel, which is $6. 21 less than the July 2022 promotional price of $103. 21 per barrel.
Meanwhile, herbal fuel production averaged 148. 6 million cubic meters compared to the day in August 2022, up 1. 5% from the average production in July 2022 (146. 4 m3/day) and up 11. 7% from August 2021.
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