Crude Output Hits Record Ahead Of Refining Expansion

Oman has been working to expand oil and condensate production in recent years, with the result that in July total output exceeded 1mn b/d for the first time ever. Shell-led Petroleum Development Oman (PDO) is by far the country’s main producer, averaging 943,000 b/d of oil and condensates output in 2014.

With state-owned refiner Orpic’s two refineries having combined capacity of 222,000 b/d, the bulk of Oman’s liquids output is available for export. Crude intake at the Sohar and Mina al-Fahal refineries averaged 191,000 b/d in 2014, while crude and condensate exports averaged 800,000 b/d.

Output from the two refineries amounted to 225,000 b/d on average in 2014, compared with domestic products demand of 159,000 b/d, according to JODI. Oman exported an average 25,000 b/d of products last year, with fuel oil and LPG being the main exports, averaging 8,000 b/d and 7,000 b/d, respectively. (CONTINUED - 170 WORDS)