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FINANCIAL NEWS
Oman: Oil output up 9.3% in Jan-Feb period
14 Apr 2010
(MENAFN) Official data showed that Oman’s oil production grew in the first two months of 2010 to an average of 852,200 barrels per day (bpd), up from 779,900 bpd a year earlier, Reuters reported.
The Ministry of National Economy said in its latest bulletin that the sultanate has sold its oil at an average price of $76.5 per barrel in the first two months this year, up from $45.25 per barrel in the same period a year earlier.
The bulletin showed that the country produced an average of 812,500 bpd in 2009, which is 9.3 percent more than a year earlier.
Last year, Oil and Gas Minister, Mohammed Al-Rumhy, announced that Oman aims to achieve an average of up to 900,000 bpd in 2010, on the back of the new discoveries and productions expected through the year.
Data showed that gas production grew to 177.533 billion cubic feet in the first two months of 2010, up from 171.144 billion cubic feet over the corresponding period in 2009.
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