Oman’s Refinery Output Grows Modestly: Implications for Investors and the Energy Sector
MUSCAT: Oman recorded a modest increase in refinery production, rising by 1.3 percent by the end of May 2025. According to figures from the National Centre for Statistics and Information (NCSI), motor fuel output showed a more significant growth of 10.7 percent. Production of regular motor fuel (91) reached 7.39 million barrels, up from 6.68 million barrels in May 2024. Sales also experienced a 2.2 percent increase, totaling 5.8 million barrels, although exports declined by 5.7 percent to 1.23 million barrels.
Production of premium gasoline (95) fell slightly by 1.2 percent, totaling 5.33 million barrels. However, sales rose by 1.3 percent to 5.38 million barrels, while exports surged by 20.6 percent to 690,700 barrels. Diesel production saw an increase of 3.4 percent, reaching 13.67 million barrels. Sales increased by 5.3 percent to 5.99 million barrels, though exports decreased by 12.5 percent to 6.68 million barrels.
Jet fuel output experienced a decline of 14 percent, totaling 4.15 million barrels, with both sales and exports falling by 9.1 percent and 15.6 percent, respectively. Production of liquefied petroleum gas (LPG) edged up by 0.3 percent to 3.19 million barrels, with sales rising by 20.8 percent, but exports plummeted by 53.6 percent to 109,900 barrels.
In the petrochemicals sector, gasoline output rose by 8.5 percent to 74,300 metric tonnes, while paraxylene production increased by 3.1 percent to 224,100 metric tonnes. Notably, polypropylene output surged by 47.4 percent to 148,000 metric tonnes, although polypropylene sales dropped by 8.4 percent to 13,700 metric tonnes.
Petrochemical exports showed robust growth, with gasoline exports rising by 5.9 percent to 72,700 metric tonnes. Paraxylene exports increased by 15.3 percent to 253,200 metric tonnes, and polypropylene exports surged by 44.6 percent, reaching 109,900 metric tonnes. — ONA
Special Analysis by Omanet | Navigate Oman’s Market
The latest data on Oman’s refinery production signals growth in motor fuel output, which presents significant opportunities for businesses in the energy sector to capitalize on rising domestic demand. However, the decline in exports across various fuel categories indicates potential risks from fluctuating global markets. Smart investors should focus on diversifying offerings in petrochemicals while monitoring export trends to strategically position themselves amidst evolving market dynamics.
