Business | Oil & Gas
China tops countries importing Oman oil
China topped the countries importing oil from Oman, but statistics released by the National Economy Ministry shows a slight decline in Chinese oil imports in the first two months of 2009, compared to the corresponding period last year.
- Staff Report
- Published: 22:56 April 18, 2009
Muscat: China topped the countries importing oil from Oman, but statistics released by the National Economy Ministry shows a slight decline in Chinese oil imports in the first two months of 2009, compared to the corresponding period last year.
However, Oman's total crude oil exports rose 5.9 per cent to 38.22 million barrels in January and February 2009, against 36,108.1 million barrels during the corresponding period of 2008, according to the monthly statistical bulletin published by the National Economy Ministry.
The Sultanate's total production of crude oil and condensates saw a 4.3 per cent hike to 4.62 million barrels during this period, up from 4,410.8 million barrels last year.
The bulletin said average daily production stood at 779.9 barrels at the end of February, up from 731.5 barrels in the same period in 2008, a 6.1 per cent rise.
The average price of an Oman oil barrel fell 47.9 per cent by the end of February to $45.25 per barrel, against $86.78 per barrel.
China topped the list of countries importing Omani Oil with 12.27 million barrels in January and February, against 18,17 million barrels during the same period in 2008, a 31.9 per cent decline.
Oman oil exports to Korea were second with 871.6 million barrels against 285.31 million barrels, a 182.9 per cent rise. Exports to Thailand declined 8.9 per cent to 5.49 million barrels against 6.278 million barrels. Production of natural gas stood at 170.86 million cubic feet at the end of February, down 0.9 per cent from 172.4 million cubic feet in February 2008.
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