Complex Made Simple

Oman’s oil production edges down one per cent in December

China tops list as largest consumer of Sultanate’s oil

Oman’s total output of crude oil and condensates reached 31,214,058 barrels in December 2015, at a daily average of 1,006,905 barrels, up by 1.12 per cent compared with November 2015.

The total quantities of crude exports in December 2015 amounted to 25,622,957 barrels, at a daily rate of 826,547 barrels, according to a monthly report released by the Ministry of Oil and Gas.

Asian markets accounted for the largest proportion of the Oman’s oil exports, with China topping the list in December 2015 as the largest consumer of Oman’s oil at 68.1 per cent, comprising a marginal rise of 0.6 per cent compared to November 2015.

Omani crude oil exports to Taiwan and South Korea declined by 5.3 per cent and 2.2 per cent respectively, according to the data published by the Times of Oman.

The percentage of the Omani crude oil imported by India increased by 3.8 per cent, Japan by 1.9 per cent and Thailand by 0.03 per cent, in comparison with November 2015. It should be noted that Australia imported Omani crude in December.