Muscat: The Sultanate's crude oil and condensates production in July 2013 amounted to 28,864,528 barrels, an average of 931,114 barrels per day (bpd), according to the monthly report released by the Ministry of Oil and Gas.
The production in July shows a 1.81 per cent decline in comparison with May, 2012.
The monthly report also added that the total exported crude oil in July 2013 amounted to 25,507,914 barrels, an average of 822,836 bpd, a 1.68 per cent decline in comparison with the previous month. China topped the list of Omani crude oil importers, noting that Japan and India returned to compete for the crude demand and Taiwan's import share continues to rise.
As for the movement of the oil markets during July 2013, the average price for American crude oil in New York (Chicago) market amounted to $104.52 per barrel while the North Sea (Brent) basket averaged $107.03 per barrel, comprising a rise by $3.72 compared to trading of last month.
Omani crude oil price during July 2013 remarkably rose as the price of US crude oil jumped to a high level in nine months exceeding $99 per barrel in the first week of July due to worry of investors on tensions in the Middle East.