Oman posts 18.2 per cent growth in domestic refinery product sales

@JmObserver –

The Sultanate of Oman saw a growth of 18.2 per cent in total domestic sales in refineries until end of September 2022 compared to the same period last year.

According to figures released by the National Centre for Statistics and Information (NCSI), the production of premium M95 increased by 8.8 per cent with 11.41 million barrels compared to the same period last year while its sales fell slightly by 0.1 per cent to reach 9.49 million barrels. Its exports however, increased by 93.1 per cent to reach 2.74 million barrels.

The production of M91 – the more popular of Oman’s two main motor fuel grades — decreased by 0.6 per cent to 9.87 million barrels as of September-end 2022, compared to 9.90 million barrels in 2021, while sales reached 9.62 million barrels, an increase of 50.8 per cent. Meanwhile, its exports decreased by 71.2 per cent to reach 1.1 million barrels.

Output for diesel— the dominant fuel source for heavy vehicles, construction machinery and diesel-powered gensets in remote parts of the country — witnessed a decline of 14.8 per cent compared to the same period in 2021 to reach 23.2 million barrels, while its sales increased by 11.2 per cent to reach 11.67 million barrels. Its exports, however, decreased by 32.9 per cent with 11.66 million barrels compared to 17.3 million barrels during the same period last year.

As for petrochemicals, polypropylene exports and production witnessed a remarkable increase by 30.4 per cent and 5.3 per cent, respectively, while its sales decreased by 47 per cent. Paraxylene production and exports by also fell by 93.2 per cent and 91.4 per cent, respectively, until the end of September 2022.

Jet fuel production stood at 5.7 million barrels, up 32.6% by the end of September compared to 4.3 million barrels for the same period last year, and sales rose 106.2% to 2.2 million barrels, compared with 1 million barrels for the same period last year.

LPG (cooking gas) production also fell 14.9% to 4.7 million barrels down from 5.5 million barrels for the same period last year, while sales rose by 7.5% to 5.9 million barrels compared to the same period, which recorded 5.5 million barrels, while exports fell by 90.6% to 36,900 barrels.