Oman crude oil output up 8.7% by April-end

08 Jun 2010

(MENAFN) A report issued by the Omani Ministry of National Economy showed that the Sultanate?s total crude production rose by 8.7 percent in the first four months of the current year 2010 to hit 102.6 million barrels, compared to the corresponding period in 2009, ONA reported.

The report also showed that the crude production rose by eight percent compared to 14.6 for oil condensates which reached 89.9 million barrel and 12.7 million barrel respectively.

Oman?s average daily production of oil and its average price recorded varying increases during the period, 8.7 percent and 70.4 percent, respectively.

The average daily production of oil during April 2010 amounted to 853.3 barrels, with an average oil price per barrel of $73.88 compared to 861,400 barrels and $77.04 per barrel in March 2010.

The statistics also pointed out that the Sultanate?s oil exports recorded a remarkable increase during the first four months of 2010 (14.8 percent) to hit 90.8 million barrels compared to 79.1 million barrels during the same period of 2009.

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