Pushing ahead: output in Oman rises
Oman bumps up oil output
Non-Opec producer Oman's average oil production increased by 6.9% year on year, to come in at 789,800 barrels per day in the first five months of the year, according to official data published today.
The Gulf Arab state is targeting average output of 800,000 bpd this year, up from 757,000 bpd in 2008, a Reuters report said.
Oman's output peaked at 956,000 bpd in 2001 and since then it has been fighting to arrest declining production from depleted fields.
Oman sold its oil at an average price of $44.84 per barrel from January to May, Reuters quoted the data as showing, down 50.2% from the same period last year.
Its gas production increased by 0.8% to 443.5 billion cubic feet in the first five months of 2009 over last year.