Oman’s crude oil and condensate production touched 29.97 million barrels in December 2017, which is an average of 966,952 barrels per day.

Export of Oman crude in December 2017 touched 24.60 million barrels, or a daily average of 793,483 barrels, according to the monthly report released by the Ministry of Oil and Gas.

Nine different countries imported Omani crude for the first time in 2017. While China’s import of Oman’s crude oil dropped sharply during the month by 34 per cent, the share of China’s crude imports from Oman reached 49 per cent. Likewise, Taiwan’s import of Oman crude oil dropped slightly by 0.37 per cent, compared with its share in the previous month, whereas India’s import of Oman crude oil grew by 0.40 per cent, stated the report.

The year 2017 closed with a relatively higher trading price for all main benchmarks crudes around the world. The average price for West Texas Intermediate crude oil at the New York Mercantile Exchange was $57.98 per barrel, up by $1.17 compared with November 2017. Also, the average price of North Sea Brent at the Intercontinental Exchange in London was $64.09 per barrel, up by $1.23 compared with the trading in November 2017.