Skip to content Skip to Search
Skip navigation

Oman’s total oil exports rise 16% in H1 2022 as output grows

Nature, Outdoors, Oilfield Creative Commons
Oman's average oil price jumped 60.9 percent year-on-year to $90.4 per barrel by the end of June 2022
  • China tops list of oil importing nations at 123. 10 million barrels
  • Average daily oil production rose 9.7%

Oman’s total oil exports increased 16.2 percent in the first six months of 2022, according to the latest statistics of the National Centre for Statistics and Information (NCSI).

China topped the list of oil importing countries, at 123.10 million barrels, Times of Oman newspaper reported.

Average daily oil production amounted to 1.047 million barrels, registering an increase of 9.7 percent year-on-year.

According to the NCSI, the average oil price jumped 60.9 percent year-on-year to $90.4 per barrel by the end of June 2022.

On the other hand, total domestic production of natural gas, including imports, climbed 4.4 percent to 25.77 billion cubic metres by June 30, 2022, compared to 24.69 billion cubic metres in the previous year.

This higher output was attributed to the increase in production of accompanying gas by a 7.9 percent rise year-on-year to 4.8 billion cubic, the report said.

Latest articles

Sales agents taking bids at a Sotheby's auction in London. The 2025 auction will mark the opening of the company's Riyadh office

Sotheby’s pins hopes on Saudi auction launch

Sotheby’s is to open an office and stage its first auction in Saudi Arabia next year.  The new branch will be located in the Faisaliah Tower in the capital Riyadh. The auction will take place on February 8, 2025 in the Unesco World Heritage site of Diriyah.  Prior to the auction, an exhibition featuring the […]

Investcorp's Saudi MD tells AGBI about the Bahrain investor's plans Video length: 03:54

Investcorp refocuses on inward GCC investment

Bahrain’s Investcorp is involved in investment-related initiatives worth $4 billion, the latest of which is a commercial partnership with Awaed, the first commission-free Saudi trading platform. After investing heavily in the US and Europe, it is now focusing more to GCC opportunities. AGBI spoke to Investcorp’s Saudi Arabia MD Mashaal AlJomaih in the video above.

UAE foreign minister and deputy prime minister Abdullah bin Zayed Al Nahyan is greeted by Australian prime minister Anthony Albanese at Parliament House in Canberra

UAE-Australia trade expected to triple after Cepa deal

Trade between the UAE and Australia is expected to grow threefold in the next eight years following the signing of a comprehensive economic partnership agreement (Cepa) on Wednesday.  The trade agreement will eliminate tariffs on more than 99 percent of Australia’s exports to the UAE.  The deal, which was announced in September, is expected to […]

KHC is to resume building what will be the world’s tallest tower in Jeddah

Kingdom Holding’s profit rises 36% to $319m

Kingdom Holding Company (KHC), founded by Saudi billionaire Prince Alwaleed Bin Talal and the developer behind what will be the tallest tower in the world, said nine-month 2024 net profit jumped 36 percent to SAR1.2 billion ($319.4 million) from SAR856 million a year ago. The higher profit was driven by an increase in the share […]