Middle East Economic Survey

VOL. LIII

No 51

20-Dec-2010

oman

Oman Crude Output 6.6% Higher In First 10 Months

Omans crude oil production was up 6.6% from last year in the first 10 months of 2010, jumping to 261.68mn barrels from 245.44mn barrels in 2009. Data released by the Ministry of National Economy showed daily average production up to 860,800 b/d from 807,400 b/d, with an average price of $76.38/B compared to $53.83/B. There were notable gains in crude exports to China, up by 40.1% to...