- The International Energy Agency expects oil demand growth to slow in 2024
- The International Monetary Fund re-selects Kristalina Georgieva as its director
- Libya to target producing 1.4 million b/d by end 2024
- TotalEnergies launches the Marsa LNG project and deploys it multi-energy strategy in Oman
- H.E. Minister Al-Kaabi: Demand for oil and gas will continue for long; we have to be responsible, and Qatar is doing its part
- Egypt to stop exporting LNG starting from the beginning of May 2024
- QatarEnergy selects Nakilat to own and operate 25 conventional LNG vessels
- The joint development of the Dorra field between Saudi Arabia and Kuwait is pending the demarcation of the border with Iran
- Minister of Energy reaffirms the UAE’s commitment to adopting clean energy and supporting the Paris Agreement
- The new Hassi Messaoud refinery enjoys the support of the government and President Tebboune
Sultanate of Oman: 2.6% increase in crude oil and condensate production
Crude oil and condensate production in Oman increased by 2.6 percent until the end of March 2023, to reach 95.7 million barrels, compared to 93.3 million barrels until the end of March 2022, according to the preliminary monthly statistical bulletin issued by the National Center for Statistics and Information.
The average oil price increased by 3.2 percent until the end of March 2023, to reach $81.5/bbl, compared to $79/bbl at the end of March 2022. The average daily production increased by 2.6 percent by the end of March, compared to the same period in 2022.
The Oman’s total oil exports decreased by 6.8% until the end of March 2023, compared to the same period in the previous year, as oil exports to China only witnessed a growth of 8.6%, to reach 69.8 million barrels until the end of last March, compared to 64.3 million barrels until the end of March 2022. As for oil exports to South Korea, the Republic of India and Japan, they decreased by 100%, 85.8%, and 22.9%, respectively, during the same period.
On the other hand, the production of natural gas in Oman increased by 7.4% until the end of last March, to reach 12.9 trillion cubic meters, compared to 12 trillion until the end of March 2022.
The data issued by the National Center for Statistics and Information indicated that the consumption of natural gas in industrial areas increased by 14.2% until the end of last March compared to the same period in 2022, power plants increased by 9.1%, industrial projects increased by 7.5%, and oil fields increased by 6.2%.
