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FINANCIAL NEWS
Oman- Oil, condensates output up to 926,644bpd in Feb
12 Mar 2013
(MENAFN) Oman’s Ministry of Oil and Gas announced that the country’s output of oil and condensates rose by 0.50 percent in February from a month before to 926,644 barrels per day (bpd), reported Times of Oman.
The ministry said that exports of crude oil in the month grew 11.39 percent, reaching an average of 878,350 bpd.
The Sultanate’s exports went mainly to Asian countries, with China importing 49.79 percent of Oman’s crude shipments, followed by Japan, with 14.08 percent.
It is worth noting that the trading of Oman Crude Oil Future Contract at Dubai Mercantile Exchange (DME Oman) averaged between USD106.98 per barrel and USD113.46.
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