Oman July oil output rises to 233.8 million barrels
At the end of July, the Sultanate recorded oil production valued at 233.8 million barrels, with the average daily production increasing by 110.3%. Data also showed that hotel revenues reached 138.3 million riyals, with occupancy rates rising to over 45%. In pursuit of economic stability, the Sultanate launched the "Deep Astra" artificial intelligence platform and engaged in negotiations with Iran regarding the Strait of Hormuz, focusing on the decline in vessel traffic. Additionally, the Sultan issued a royal pardon for prisoners, amid efforts to enhance the investment environment and address security challenges and economic impacts.
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