BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR PRIVACY & COOKIE NOTICE
X


APPEC: Omani crude exports to fall 84,000 b/d from Dec-Jan after Sohar expansion

Singapore (Platts)--26 Sep 2017 1243 am EDT/443 GMT


The availability of Oman's crude oil exports will likely fall by about 84,000 b/d from around December 2017 to January 2018 as the Sohar refinery reaches full run rates at its expanded capacity by the end of the year, Gabor Kenessey, GM of supply chain management at Oman Oil Refineries and Petroleum Industries Company, or Orpic, told S&P Global Platts Tuesday.

The Sohar refinery, which is configured to process Oman Export Blend crude, is currently running at a rate of 80% after all units were commissioned following the start of commissioning in May, Kenessey said in an interview on the sidelines of APPEC conference in Singapore.

Oman's current crude and condensate production is at "almost a million b/d," and output rose beyond 1 million b/d in "June or July," Kenessey said.

He added Oman's compliance to the OPEC/non-OPEC production cut accord is "very close to 100%" for the Omani commitment of 45,000 b/d.

The Sohar refinery's capacity has increased by 84,000 b/d from 116,000 b/d as a result of expansion project, Kenessey added.

--Takeo Kumagai, takeo.kumagai@spglobal.com
--Sue Koh, sue.koh@spglobal.com
--Edited by Irene Tang, irene.tang@spglobal.com

Request a free trial of: Oilgram News Oilgram News
Oilgram News

Oilgram News brings you fast-breaking global petroleum and gas news on and including:

  • Industry players, upstream and downstream markets, refineries, midstream transportation and financial reports
  • Supply and demand trends, government actions, exploration and technology
  • Daily futures summary
  • Weekly API statistics, and much more
Request a free trial More Information




Copyright © 2018 S&P Global Platts, a division of S&P Global. All rights reserved.