The Sultanate of Oman holds the strategically important position at the mouth of the Persian Gulf. With a population of 4.3 million, this nation has benefitted from good governance and the wise investment of its natural resources.
It produces 943,000 barrels of oil per day. The UK with a population of over 60 million produces 850,000 barrels of oil per day. So what is the value of Oman’s daily crude oil production ?
943,000 barrels of oil per day.
Crude oil is $36.46
Thus:
943,000 x $36.46 = $34,381,780 a day.
That is £23,398,000 a day, £23.3 million a day.