Oman’s two refineries, 197,000 b/d Sohar and 106,000 b/d Mina al-Fahal, saw a second consecutive dip year-on-year in key products yields in 2020 though volumes remain well ahead of pre-2018 levels. The Sultanate saw a major capacity boost when Sohar was upgraded in 2017 MEES, 23 February 2018).
2020 saw Oman’s crude output fall by 9% as the country was subject to Opec+ production constraints (MEES, 15 January), translating into lower crude supply to the country’s refineries. It also saw a crash in demand for oil products (both inside Oman and globally) due to the Covid-19 pandemic. (CONTINUED - 344 WORDS)