Oman’s production of crude oil and condensate dipped by 1.9 per cent in April to 28.81 million barrels, fresh official data reveals.
The Arab country’s daily production amounted to 960,300 barrels in April, the Omani Ministry of Oil and Gas says in a report.
Total oil exports stood at 23.7m barrels and Asian countries remained the main destination of Oman crude exports.
China continues to remain the top buyer of sultanate crude, importing 82.9 per cent of Oman’s crude exports, according to the data carried by Times of Oman.
Meanwhile, imports of Oman crude oil by Japan and Thailand rose by 3 per cent and 1 per cent, respectively.
Taiwan, another main buyer of Oman crude, accounted for 12.4 per cent of the sultanate’s oil exports.
According to earlier government figures, Oman’s Gross Domestic Product grew by 4.6 per cent in 2014, amounting to OR31.45 billion, compared to OR30.06bn in 2013.
Crude oil exports accounted for OR13.78bn, with a 1.9 per cent drop in revenues, compared with OR14.04bn in 2013.
Natural gas contributed OR1.06bn to the GDP, down by 8.5 per cent compared with OR1.15bn in 2013, the statistics indicate.