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China, the Largest Importer of Oman's Crude Oil

Source: OILNEWS 7/16/2005, Location: Middle East

China ranked first in terms of import of crude oil from Oman in 2004, according to the central bank of Oman.Among Oman's total export of crude oil in 2004, China took 40.3%, followed by Thailand, 16.4%, South Korea, 15.9% and Japan, 15.5%. Oman also exports crude oil to China Taiwan, Malaysia, the US, Singapore, New Zealand and Philippines.Oman exported 263.6 million barrels of crude oil in 2004, lower than the 278.5 million barrels in 2003. And Oman produced 285.4 million barrels of oil and condensate oil last year, down 4.5% from the 299 million barrels in 2003.The proved reserves of crude oil and condensate oil in this country was 4.803 billion barrels in 2004, 8.5 million barrels more than that of 2003

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