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Oman’s exports down 32.9 percent in 4M on oil plunge

04 Aug 2015

(MENAFN) Official data showed that Oman’s total exports declined in the first four months of the current year, dropping 32.9 percent to USD11.71 billion from USD17.48 billion a year ago.

The fall in export revenue was mainly on a plunge in oil and gas prices. The average price of Oman Crude dipped by 43.7 percent to USD59.3 a barrel in the first half from USD105.38 a barrel in 2014.

Exports of crude oil, petroleum products and liquefied natural gas plunged by 36.5 percent to USD7.32 billion in the four-month period from USD11.53 billion in the same period last year.

Likewise, non-oil exports plunged by 20 percent to USD2.58 billion from USD3.25 billion, according to the latest monthly report released by National Centre for Statistics and Information (NCSI).

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