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Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

Oman’s natural gas production climbs up 2.3 percent at June end

In 2023, the value of imported natural gas decreased by 52.2 percent compared with 2022, while the volume decreased by 16.1 percent. (QNA)
  • According to the National Center for Statistics and Information (NCSI), industrial projects accounted for 58.7 percent of the natural gas use at 15.39 billion cubic meters
  • Data showed that the total use of natural gas for oil fields amounted to 6.76 billion cubic meters, power plants at 3.89 and industrial areas at 131.50 million cubic meters

Muscat, Oman– Oman’s total domestic production of natural gas shot up 2.3 percent to 26.19 billion cubic meters (CBM) until the end of June 2023, as compared to the same period in 2022, when the total amounted to 25.60 billion cubic meters.

Statistics issued by the National Center for Statistics and Information (NCSI) showed that industrial projects accounted for 58.7 percent of the natural gas uses in the Sultanate of Oman at 15.39 billion cubic meters until the end of June 2023.

The total use of natural gas for oil fields amounted to 6.76 billion cubic meters, power plants at 3.89 billion cubic meters and industrial areas at 131.50 million cubic meters.

The non-associated production of natural gas, including imports, amounted to 20.89 billion cubic meters, while the associated production of natural gas amounted to 5.30 billion cubic meters.

Last year, the production of natural gas in Oman saw a slight increase by 0.8 percent at the end of March 2022.

It was up to 11.73 billion cubic meters in March 2022, compared to 11.64 billion cubic meters by the end of the same month last year.

Data issued then by the center indicated that the consumption of natural gas in industrial areas increased by 13.9 percent at the end of last March, compared to the same period in 2021.

In industrial projects, the consumption increased by 4.8 percent year on year.

Gas consumption witnessed a decrease in oil fields by 7 percent and in power plants by 3.3 percent at the end of last March.