Middle East Economic Survey


No 38



Official Oil Data Shows Oman Oil Output Declined by 1.7% in 1H05

Omans production of crude oil and condensates dropped by 1.7% in the first half of the year to 140.1mn barrels compared with 142.5mn barrels in the same period of 2004, according to the Ministry of National Economy statistical bulletin. Oil exports fell 1% to 129.5mn barrels from 130.9mn barrels over the same period. The report said that the average price of Oman...