Oman's oil production up 6.5 pct in first nine months
Oman's total production of crude oil and condensates hit 205.5 million barrels during the first nine months of 2008, up 6.5 percent over 193.41 million barrels in the corresponding period of last year, the Oman Daily Observer reported on Saturday.
The average daily production stood at 750,000 barrels by the end of September 2008, representing a growth of 6.1 percent compared with 707,001 barrels in the 2007 period, the report quoted the latest monthly statistical bulletin by the National Economy Ministry as saying, reported Xinhua.
The average price of Oman oil stood at 103.87 U.S. dollars per barrel during the first nine months of 2008, up 66.2 percent compared with 62.50 dollars per barrel in the same period of 2007.
While there have been increases in both production and price of Oman oil, the Gulf country saw a decline in its oil export this year.
The total exports of crude oil stood at 161.67 million barrels, down 3.6 percent against 167.17 million barrels in the same period of 2007.
In addition, Oman's production of natural gas fell by 1 percent during the first nine months of 2008 to 802.2 million cubic feet ( MCF), against 810.708 MCF during the 2007 period.
Gas consumption also fell by 1 percent by the end of September 2008, to 802.203 MCF against 810.708 MCF during the 2007 period.