Oman’s Oil Exports Reach 178.7 Million Barrels Despite Market Challenges
The Sultanate of Oman recorded oil exports of 178.7 million barrels by the end of July 2025, according to preliminary data from the National Centre for Statistics and Information (NCSI). While exports remain strong, the report highlighted slight declines in production and average oil prices compared to the same period in 2024.
Oil Exports Performance in 2025
By July 2025, Oman exported a total of 178,746,000 barrels of crude oil, reflecting a marginal 0.2% decrease from the 179,036,800 barrels exported in 2024. Despite this dip, Oman continues to maintain a steady position in global crude oil markets as one of the region’s reliable suppliers.
Drop in Global Oil Prices
The NCSI figures also revealed a significant decline in oil prices. The average price per barrel fell by 12.1%, reaching USD 72.5 in 2025, compared to USD 82.5 during the same period last year. Analysts attribute this decrease to global market volatility, fluctuating demand from major economies, and increasing investments in renewable energy alternatives.
Daily Oil Production Trends
Average daily crude oil production in Oman also showed a slight dip. By the end of July 2025, output stood at 991,100 barrels per day, down 0.4% from 994,800 barrels per day recorded in 2024.
Total Oil Production Declines
The Sultanate’s total crude oil production reached 210.1 million barrels in the first seven months of 2025, a 0.8% decrease compared to 211.9 million barrels produced during the same period in the previous year.
Economic Implications for Oman
Oil remains a cornerstone of Oman’s economy, contributing significantly to government revenues and export earnings. However, the decline in both production and average prices underscores the importance of the country’s Vision 2040 strategy, which aims to diversify income sources and reduce dependence on hydrocarbons.
Through investments in renewable energy projects, enhanced oil recovery technologies, and downstream industries, Oman seeks to maintain economic stability while gradually transitioning toward a more sustainable and diversified economy.
Conclusion
While Oman’s oil exports and production experienced minor declines in 2025, the sector continues to demonstrate resilience amid global market uncertainty. With a strong focus on diversification and long-term economic planning, Oman is positioning itself to balance its hydrocarbon wealth with future-oriented investments in non-oil sectors.
Written by: Atefa Saleh
Hassan Al Maqbali
Content Creator & Website Manager at Omanspire
Hassan Al Maqbali is a dedicated content creator and the website manager at Omanspire, where he writes passionately about Oman's culture, history, and the timeless stories that shape the nation’s identity. His work reflects a deep love for the Sultanate and a commitment to sharing its beauty with the world.
Driven by a desire to widen global understanding of Oman, Hassan creates narratives that present the country through diverse perspectives—capturing its people, heritage, landscapes, and evolving cultural heartbeat. Through Omanspire, he hopes to bring readers closer to the spirit of Oman, one story at a time.
