Economy
Oman’s Oil Exports Reach 128.07 Million Barrels in May 2023

Muscat: The Sultanate of Oman’s total exports by the end of May 2023 stood at 128,070,300 barrels with an average oil barrel price of 81 US Dollars, according to the preliminary data issued by the National Centre for Statistics and Information (NCSI).
Oil exports constituted 80% of the total oil production which stood at 160,144,300 barrels.
Crude oil production increased by 0.7% during the same period to stand at 125,757,600 barrels. The production of condensates also rose by 5.6% till the end of May 2023 compared to the corresponding period in 2022 to stand at 34,386,700 barrels. Average daily production of oil stood at 1,060,600 barrels till the end of May 2023.
China topped the list of countries importing Oman’s oil with total exports standing at 117,120,500 barrels, followed by Japan with 4,783,500 barrels. India came next with 2,716,200 barrels. Exports to other countries stood at 3.450 million barrels.
Meanwhile, gas production (including imports) in Oman registered a growth of 3.9% to reach 21,833.1 million cubic metres till the end of May 2023 compared to 21,004.9 million cubic metres during the corresponding period in 2022.
Consumption of natural gas at industrial projects constituted 60.2% till the end of May 2023. Consumption of gas for industrial projects stood at 13,163.1 million cubic meters.
Gas consumption for the following uses stood as the following: 5,580.5 million cubic meters at oil fields, 2,977.7 million cubic meters at energy plants and 111.8 million cubic meters at industrial areas.
Non-associated production of gas (including imports) stood at 17,469.9 million cubic meters. Associated gas production reached 4,369.1 million cubic meters.
-
Banking & Finance3 weeks ago
Oman Arab Bank Announces Increase of Authorised Capital to RO500mn and Paid‑In Capital Boost of RO50mn
-
OER Magazines2 months ago
OER, May 2025
-
Alamaliktistaad Magazines2 months ago
Al-Iktisaad, May 25
-
Bahrain3 weeks ago
SPIEF 2025 focused on global and regional economic processes, market transformation, new tech, investment climate, financial policy and people
-
Banking & Finance1 month ago
Central Bank of Oman Issues Regulatory Framework for Digital Banks
-
Banking & Finance2 months ago
United Finance Company: Strategically Serving Oman’s Auto Market with Faster, Customer-First Solutions
-
Insurance2 months ago
Liva Insurance Sets New Benchmark with ‘Innovative Insurer of the Year’ Award at the New Age Banking Summit 2025
-
Banking & Finance1 month ago
The Future of the International Financial System to be discussed at SPIEF 2025