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Oman’s crude oil output hits 30m barrels in September

Asian markets continue to account for the biggest proportion of country's exports

Oman’s crude oil and condensates output inched up slightly by 0.12 per cent to 29.7 million barrels in September 2015, compared with a month earlier.

The Arab nation’s daily output in September averaged 990,030 barrels per day, according to official data published by the Oman News Agency.

The figures released by the ministry of oil and gas indicate that the country exported 26.55m barrels in September, at an average of 885,032 bpd, up by 0.59 per cent against August.

Asian markets continue to account for the biggest proportion of Oman’s crude oil exports. China remain Oman’s top oil trading partner accounting for almost 94.47 per cent of Omani exports in September, signaling a rise of 13.4 per cent compared with August.

Meanwhile, Oman’s oil exports to Japan, Taiwan and Thailand largely plummeted in September this year.

In the meantime, Oman oil price (November delivery 2015) stood at $45.76 a barrel, down $2.12 compared with October delivery 2015.

($1 = AED3.67, at the time of publishing)