Oman’s crude oil exports grew 6.3% to 164.57 million barrels in the first half of 2016, due to an increase in production. However, the average price of Oman Crude fell 40.9% to USD35 per barrel in overseas markets during 1H16, from USD59.3 per barrel in the same period last year. The Sultanate’s production of crude oil and condensates grew 3.6% to 182.05 million barrels in 1H16, from 175.67 million barrels during the same six-month period in 2015. This was equivalent to a daily production of 1,000,300 barrels in 1H16. (Times of Oman)
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