Oman's oil output reaches nearly 30mn barrels in Dec 2017

Muscat - 

Oman’s total crude oil and condensate output in December 2017 reached 29.97mn barrels, recording a daily average production of 966,952 barrels.

Total oil exports in December amounted to 24.6mn barrels, according to a monthly report released by the Ministry of Oil and Gas. Oman's crude exports in December gained a new dimension, as for the first time during 2017, nine different countries imported Omani crude into their systems. While China’s imports of Oman crude fell sharply during the month by 34 per cent, the average imported volumes by China reached 49 per cent of the total.

Likewise, Taiwan’s imports of Oman crude oil slightly dropped by 0.37 per cent compared with its share in November, while India's imports of Oman crude grew 0.4 per cent. The official selling price for Oman crude during December for February 2018 delivery reached US$61.6 per barrel.

The daily trading prices ranged between US$59.48 and US$63.98 per barrel during the month.

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