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Discuss this article (0 Comments)Oman oil output rises 6.1% in Q1 2009
by This email address is being protected from spam bots, you need Javascript enabled to view it on Sunday, 10 May 2009
Oman's oil output in the first quarter of 2009 rose 6.1 percent on the year to 786,700 barrels per day (bpd), official data published on Sunday showed.
Oman's oil price forms part of benchmarks used in pricing the 12 million barrels of crude exported from the Middle East to Asia daily.
Oman is targeting output of 800,000 bpd in 2009.
Output from the country's ageing oilfields has been sliding in recent years.
The Gulf Arab state sold its oil at an average price of $44.95 a barrel from January to March 2009, down 48.6 percent on the price in the equivalent period a year ago, ministry of economy figures showed.
China was the top importer of Oman's oil in the first three months of this year, with 18.8 million barrels followed by South Korea and Thailand. (Reuters)
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