The Sultanate of Oman’s overall oil exports during the first half of 2024 increased by 0.3 per cent to stand at 153,362,300 barrels. The average price of a barrel was US$82.2, according to the data of the National Centre of Statistics and Information (NCSI).

Oil exports constituted 84.6 per cent of the total volume of oil production, which stood at 181,144,200 barrels.

Production went down by 5.3 per cent to stand at 181,144,200 barrels compared to 191,351,100 barrels during the corresponding period in 2023.

Overall crude oil production also went down by 7.4 per cent to stand at 138,656,200 barrels by the end of the first half of 2024. Meanwhile, oil condensate production rose by 2.3 per cent to stand at 42,488,100 barrels.

Average daily production of oil stood at 842,700 barrels till the end of June 2024.

The People’s Republic of China topped the countries importing oil from the Sultanate of Oman, with its total imports amounting to 147,885,100 barrels, an increase of 5% compared to the end of June 2023. The Republic of Korea imported 2 million barrels (surging by 110.5%), while Japan imported 2,477,200 barrels (down by 48.2%).