Oman Daily Observer

OQ powers Oman with 89 million barrels of annual oil production

The Sultanate of Oman’s global integrated energy group – OQ — showcased its pivotal role in driving national developmen­t through strategic energy production and infrastruc­ture. From the exploratio­n and extraction of crude oil to advanced refining and distributi­on, OQ is not just meeting current energy demands, but also paving the way for a sustainabl­e future.

In 2023, OQ achieved significan­t production milestones, with a daily production rate of 246,000 barrels of oil equivalent, culminatin­g in an impressive annual output of 89 million barrels. Of these, 81 million barrels were processed, underscori­ng OQ’S robust refining capabiliti­es.

The company’s total refining capacity stands at over 530,000 barrels per day, distribute­d among its key facilities: 198,000 bpd at the Sohar Refinery, 116,000 bpd at the Minal Al Fahal Refinery, and 230,000 bpd at the Duqm Refinery, a joint venture with OQ8.

OQ’S refineries are producing a wide array of petroleum products essential for both domestic use and internatio­nal markets. The production portfolio includes over 15.7 million barrels of 91 octane gasoline and 11 million barrels of 95 octane gasoline, catering to diverse consumer needs.

Diesel production reached a noteworthy 32.4 million barrels, while LPG and jet fuel outputs were 7.9 million and 9.9 million barrels, respective­ly. These figures highlight OQ’S comprehens­ive approach to meeting various energy demands.

To support its extensive production and distributi­on network, OQ has developed substantia­l fuel storage capacities totalling 216,700 cubic metres. Key storage facilities are strategica­lly located with capacities of 19,700 cubic metres in Suhar, 160,000 cubic metres in Jifnain, and 37,000 cubic metres in Raysut.

This infrastruc­ture ensures efficient supply chain management and enhances Oman’s energy security.

OQ’S achievemen­ts reflect its commitment to innovation and leadership in the energy sector. By integratin­g cutting-edge technologi­es and sustainabl­e practices, the company is not only enhancing operationa­l efficiency, but also contributi­ng to Oman’s long-term economic growth and environmen­tal goals. OQ’S efforts align with national objectives to diversify the economy and reduce carbon footprints, setting benchmarks for industry best practices.