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Oman oil output up 8.7% in Q1.

O man's average oil production rose 8.7 per cent to 855,400 barrels per day (bpd) in the first quarter of this year com- pared to the same period in 2009, the Ministry of National Econ- omy Bulletin has announced. The non-OPEC producer sold its oil at an average price of $76.68 per barrel January to March, up 70.6 percent from the same period last year, the government data showed. The Sultanate's gas production increased 3.9 percent to 278.161 billion cubic feet (cfd) in the first three months of 2010 compared to the year-earlier period. The net oil income in the first three months of the year doubled to RO1.4253 billion ($3.70 billion) from RO709.2 million in the year-earlier period, data from the Ministry of National Economy showed. t t

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Publication:Saudi Economic Survey
Date:May 27, 2010
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