Oman’s oil production, including condensate, soared in 2015, averaging a record 981,000 b/d. The Sultanate closed out the year with a record monthly production of 1.007mn b/d in December, edging out the previous record set in July by 6,000 b/d. Omani exports also enjoyed a bumper year, but as with other exporters low prices meant severe revenue falls.

2015 oil export revenue at an implied $17.4bn (see table) was at its lowest level since 2009. (CONTINUED - 686 WORDS)