Oman’s Refinery Output Rises by June Despite Gasoline Drop
Oman’s oil refineries increased their total output by 1.6% by the end of June, even though the production of motor gasoline (fuel for cars) dropped by 17.1% compared to the previous month, according to the Oman News Agency.
Fuel Production Details
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Regular petrol (91): Production rose 11.5% to 8.66 million barrels. Sales grew by 2% to nearly 7 million barrels, and exports increased by 6.1% to 1.49 million barrels.
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Premium petrol (95): Production dropped by 2.2% to 6.42 million barrels. Sales went up slightly by 0.9%, while exports rose sharply by 20.6% to 690,700 barrels.
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Diesel: Output grew 3.8% to 16.62 million barrels. Sales were up 5.8%, but exports fell 5.5% to 8.55 million barrels.
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Jet fuel: Production dropped 13.1% to 4.95 million barrels. Sales went down 6.4% and exports fell 16.3%.
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LPG (cooking gas): Production rose slightly by 0.2%. Domestic sales jumped 22.2%, but exports dropped sharply by 60.3% to 111,500 barrels.
Petrochemicals (by mid-2025)
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Benzene: Up 3.1% to 86,000 tons; exports rose 0.4%.
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Paraxylene: Up 6.8% to 283,000 tons; exports jumped 22.8%.
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Polypropylene: Surged 73.4% to 176,600 tons, but local sales dropped 9.2%. Exports increased 61.6%.
Foreign Investment in Oman
In the first quarter, Oman received $79.6 billion in foreign investments, with 81% going into oil and gas.
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The UK was the biggest investor with $40.5 billion (50.9%).
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Followed by the US ($20.3 billion), Kuwait ($3.2 billion), China ($2.3 billion), UAE ($1.9 billion), Qatar ($1.7 billion), and Bahrain ($1.2 billion).
Oman’s Economic Growth
In the first quarter of 2025, Oman’s economy grew 2.5% year-on-year to $24.6 billion, mainly due to a 4.4% increase in non-oil sectors. Oil income fell slightly by 0.4% to $7.6 billion.
Looking Ahead
Oman is working to reduce its dependence on oil and grow other parts of the economy. The goal is to increase non-oil income to 15% of GDP by 2030 and 18% by 2040, as part of its Vision 2040 plan.
Published: 29th July 2025
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