The Sultanate's total crude oil production went up by 13.9 percent by the end of August 2022, compared to the same period in 2021, according to data issued by the National Centre for Statistics & Information (NCSI).

NCSI statistics indicate that the average price of crude oil increased by 40.4 percent in August 2022, compared to the end of last year, reaching USD 95.3. The average oil price registered a 5.3 percent increase in August 2022, as compared to the previous month.

According to NCSI statistics, daily average production of crude oil rose by 10.3 percent in August 2022, compared to the end of 2021. On the contrary, condensate production fell by 1.7 percent during this period. Total exports to countries increased by 15.4 percent by the end of August 2022.

Japan topped the list of countries importing crude oil from Oman, with a significant increase of 252.8 percent. This was followed by the Republic South Korea with a rise of 68.7 percent, followed by the Republic of India at 54.8 percent. The People's Republic of China ranked last with 7.1 percent increase compared to the end of August 2021.

Preliminary results data showed that total local production of natural gas (plus imports) slightly went up by 4.8 percent by the end of August 2022, reaching 35.3 billion cubic metres, compared to 33.6 billion cubic metres during the same period in the previous year.

NCSI Statistics indicated that the increase in natural gas production was attributed to a 7.8 percent increase in associated gas production, reaching 6.7 billion cubic metres, as compared to 6.2 billion cubic metres as of the end of August 2022. There was also a rise in non-associated gas production (plus import) by 4.2 percent, reaching 28.6 billion cubic meters compared to 27.4 billion cubic meters as of the end of August 2022.

Statistics also revealed a decrease in gas consumption for power generation by 1.8 percent, reaching 5.3 billion cubic meters as of the end of August 2022, compared to 5.4 billion cubic meters by the end of August 2021.