(MENAFN- Muscat Daily) Oman's oil and condensate production in December 2013 declined 1.24 per cent year-on-year to 29.29mn barrels, or 944,736 barrels per day (bpd), according to the monthly report of the Ministry of Oil and Gas.
The report added that total crude oil exports in December dropped 3.29 per cent to 24.86mn from November 2013.
China continued to top the list of Oman's crude oil importers with a 73.86 per cent share, followed by Japan, which accounted for 10.37 per cent.
The Oman Crude Futures Contract at the Dubai Mercantile Exchange witnessed price fluctuations in December. Trading averaged between US$106.23 and US$109.29 per barrel. Oman Crude's official price for February 2014 delivery eventually settled at US$107.88.
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