Oman's Oil Production Grows by 3.6% in January 2023
- Publish date: Wednesday، 22 February 2023
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The sultanate’s total oil production in January 2023 grew by 3.6 percent to 33.023mn barrels compared to 31.869mn barrels in the same period of 2022, the data released by National Centre for Statistics and Information (NCSI) showed on Monday.
Daily average oil output during January 2023 increased to 1.065mn bpd compared with 1.028mn bpd in the same last year.
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Of the total production, crude output rose by 3.5 per cent year-on-year to 25.978mn barrels during January, while condensates output increased 4.1 per cent to 7.045mn barrels during the first month of 2023.
The sultanate’s total oil production for the full year 2022 had increased by nearly 10 per cent to 388.4mn barrels compared to 354.5mn barrels recorded in 2021.
The average price at which Oman sold its crude during January 2023 rose by 7.3 per cent to US$86.2 per barrel against US$80.3 per barrel recorded in the same period of 2022.