Electricity Production Increases as Water Levels Decrease by 3.4% by End of May
Oman's oil exports rose to 129.4 million barrels by the end of May, with a 1.3% increase in oil prices. The financial sector also saw an increase in total credit that reached 37.4 billion Omani rials. Additionally, the Sultanate experienced jumps in electricity production and a 3.4% decrease in water consumption. Meanwhile, political discussions, security events, and economic developments related to Musandam, negotiations with Iran, and efforts to promote the investment climate continued to be monitored.
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