Oman's oil production rises to 30m barrels March

Mubasher: Oman's production of oil and condensers rose 10.44% reaching 29.99 million barrels in March, according to data released by Oman's Ministry of Oil and Gas.

Total  crude oil output exported abroad increased 13.49% to 25.57 million barrels last month.

China continued to top Omani oil importers, with 81% of Oman's exports being bought by China.

The sultanate previously reported a 9.25% drop in its  total production of oil and condensers in February to 27.16 million barrels.

The price of Oman's oil for June delivery stood at $54.27 pb on the Dubai Mercantile Exchange (DME), losing 41 cents from its price last Thursday.

Mubasher Contribution Time: 17-Apr-2017 14:41 (GMT)
Mubasher Last Update Time: 17-Apr-2017 14:41 (GMT)