Oman's crude oil shipments dip

MUSCAT - Oman's crude oil shipments fell by 9.2 per cent to 140.6 million barrels (m/b) in the first six months of the year from 154.9 m/b in the corresponding period of 2002, according to statistics released by the Ministry of National Economy.

By From Our Correspondent

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Published: Sun 17 Aug 2003, 12:08 PM

Last updated: Wed 1 Apr 2015, 7:51 PM

Total production of crude oil and condensates was 150.8 m/b as against 164.8 m/b, an 8.5 per cent drop. The daily average production was 832,800 barrels, compared to 910,400 barrels, down 8.5 per cent. The average price of Omani crude rose by 21.7 per cent to $27.64 per barrel, from $22.71. Japan topped the countries importing oil from the Sultanate at 41.6 m/b.

LNG production rose by eight per cent to 356.3 million cubic feet (mcf), from 330 mcf. Consumption too increased by eight per cent to 356.3 mcf from 230 mcf.

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