By: Times News Service
Muscat: Data issued by the Central Bank of Oman (CBO) indicated that the total deposits held with ODCs (other depository corporations) reached OMR24.3 billion at the end of December 2020, increasing by 2.9 per cent from December 2019. Meanwhile, total private sector deposits increased by 10.5 per cent to OMR16.8 billion.
As per the preliminary data released by National Centre for Statistics and Information (NCSI), Oman’s nominal GDP showed a decline of 16.5 per cent during the third quarter of 2020 over the same period of the year 2019. The contraction was driven by a 24.4 per cent decline in the hydrocarbon sector coupled with the decline in the non-hydrocarbon sector by 12.4 per cent during the third quarter of 2020.
Oman’s oil production, including condensates, stood at 347.94 million barrels until the end of December 2020, compared to 354.39 million barrels according to the latest data released by the National Centre for Statistics and Information (NCSI). Of the total production, crude oil production declined by 9.1% to stand at 278.84 million barrels while condensates production .
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Oman s oil production, including condensates, stood at 347.94 million barrels until the end of December 2020, compared to 354.39 million barrels according to the latest data released by the National Centre for Statistics and Information (NCSI).