FINANCIAL NEWS

Oman crude exports increase by 6.2pct

29 Aug 2016

(MENAFN) Oman crude oil exports increased by 6.2 percent to 190.71mn barrels in the Jan-July period of this year, due to grows in production.

On the other hand, the average price of Oman crude declined by 39.9 percent to USD36.4 per barrel in the overseas markets in the cited period.

Meanwhile, the Sultanate production of crude oil and condensates rose by 3.2 percent to 213.40mn barrels in the cited period.

China continued to maintain its lead amid top importers of Omani crude, with a share of 75.20 percent or 143.39mn barrels.

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