Oman Oil Production Up 1.4% in November 2021

Oman’s oil production stood increased 1.4 percent compared to the same period in 2020. Asharq Al-Awsat
Oman’s oil production stood increased 1.4 percent compared to the same period in 2020. Asharq Al-Awsat
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Oman Oil Production Up 1.4% in November 2021

Oman’s oil production stood increased 1.4 percent compared to the same period in 2020. Asharq Al-Awsat
Oman’s oil production stood increased 1.4 percent compared to the same period in 2020. Asharq Al-Awsat

Oman’s oil production stood at 323,174,600 barrels in November 2021, the National Center for Statistics and Information (NCSI) said on Saturday, up 1.4 percent from the same period in 2020.

The production of crude oil reached 249,765,900 barrels compared to 256,450,400 barrels during the same period in 2020, down 2.6 percent, the NCSI added.

The average daily production of oil increased during the same period by 1.7 percent to reach 967.6 thousand barrels compared to 951.1 thousand barrels during the corresponding period in 2020, while the average price per barrel increased by 35 percent from $46.5 per barrel to $62.7 per barrel.

The statistics also showed a decline in the total oil exports by 0.5 percent by late November 2021 to reach 260,804,100 barrels, compared to 262,036,800 barrels in the same period in 2020.

According to the published statistics, China was the largest importer of Omani oil until the end of November 2021, importing about 220,229,300 barrels, down 3.2 percent compared to the same period in 2020, followed by India, which imported about 24,261,000 barrels, up 50.3 percent compared to 16,142,300 barrels during the same period in 2020.



Saudi Arabia, Canada Discuss Smart Industrial Cities

The meetings held by the Saudi Minister of Industry and Mineral Resources with Canadian ministers are aimed at strengthening industrial and mining cooperation between the two countries. SPA
The meetings held by the Saudi Minister of Industry and Mineral Resources with Canadian ministers are aimed at strengthening industrial and mining cooperation between the two countries. SPA
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Saudi Arabia, Canada Discuss Smart Industrial Cities

The meetings held by the Saudi Minister of Industry and Mineral Resources with Canadian ministers are aimed at strengthening industrial and mining cooperation between the two countries. SPA
The meetings held by the Saudi Minister of Industry and Mineral Resources with Canadian ministers are aimed at strengthening industrial and mining cooperation between the two countries. SPA

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef has discussed with Canadian government ministers ways to bolster industrial and mining cooperation between the two countries, opportunities for developing industrial innovation, and building an effective partnership to establish smart industrial cities in the Kingdom by leveraging Canadian expertise.

During his meeting with Canadian Minister of Innovation, Science and Industry François-Philippe Champagne, and accompanied by National Industrial Development Center Chief Executive Saleh AlSulami, Alkhorayef underscored the Kingdom's commitment to benefiting from the applications of the Fourth Industrial Revolution, particularly artificial intelligence (AI) and robotics, to develop the industrial sector and create added value, while improving production efficiency in industrial facilities.

Meeting participants discussed enhancing cooperation in the field of industrial digitization, utilizing AI technologies to improve industrial processes, and exploring opportunities for collaboration in building smart industrial cities in the Kingdom, benefiting from Canadian advancements in digital infrastructure.

The two sides also discussed collaboration between the Kingdom and Canada in the field of innovation, including the partnership between the Saudi Ministry of Education and Metax, a Canadian research organization funded by the Ministry of Innovation, Science and Industry with a focus on providing joint research opportunities for graduate and doctoral students in both countries.

During a meeting with Canadian Minister of International Development Ahmed Hussen, Alkhorayef discussed ways to enhance economic relations and non-oil trade between the two countries, given the fact that the Kingdom is the largest trading partner for Canada in the Middle East and North Africa. The ministers reviewed the role of industrial development globally in advancing communities, increasing their well-being, and improving individuals' living standards.

Alkhorayef and Canada's Mining Industry Human Resources Council (MIHR) executive director Ryan Montpellier discussed opportunities to benefit from council's expertise in workforce human capabilities development strategies in the mining sector.

The meetings held by the Minister of Industry and Mineral Resources with Canadian ministers are part of his visit to Canada, aimed at strengthening industrial and mining cooperation between the two countries, exploring mutual opportunities in both sectors, and attracting foreign investments to the Kingdom.