The statistical bulletin issued by the Ministry of National Economy showed that the Sultanate's total production of crude oil and condensates stood at 23,663.3 million barrels at the end of January 2005, against 24,647.5 million barrels during the same period in 2004, constituting a drop of 4 per cent. The bulletin stated that the average of daily production in January 2005 was 763.3 million barrels, against 795.1 million barrels in 2004, constituting a 4 per cent drop.
nero wrote:The statistical bulletin issued by the Ministry of National Economy showed that the Sultanate's total production of crude oil and condensates stood at 23,663.3 million barrels at the end of January 2005, against 24,647.5 million barrels during the same period in 2004, constituting a drop of 4 per cent. The bulletin stated that the average of daily production in January 2005 was 763.3 million barrels, against 795.1 million barrels in 2004, constituting a 4 per cent drop.
I think all the millions in this paragraph should really be thousands. Oman produces about 750,000 bbl/day not 763,300,000bbl/day.
Omar wrote:They are talking about exports per month.
is clearly describing a daily production rate that is aproximately 10 times greater than the entire world's production rate.the average of daily production in January 2005 was 763.3 million barrels
A report issued by the Omani Ministry of National Economy showed that Oman's crude exports dropped by 10 percent in the first four months of the year to 74.6 million barrels from 82.9 million barrels in the corresponding period of 2006, Khaleej Times reported.
According to the report, the production of oil and condensates was 85.7 million barrels, compared with 91 million barrels, a 5.8 percent fall. Average daily output was 714,200 barrels against 758,200 barrels.
During the period under review, the average price for Omani oil declined by 5.10 percent from $59.93 per barrel to $56.89 per barrel.
China was the Sultanate's top market, importing 32.9 million barrels, followed by Thailand (12.3 million barrels) and Japan (9 million barrels).
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