Middle East Economic Survey


No 48



ADNOC Cuts To January 2010 Allocations Set At 10-20%

Abu Dhabi National Oil Company (ADNOC) on 25 November announced that crude allocations for customers during January 2010 would be set at 10-20% below full contract volumes for all its crudes. A statement issued by ADNOC said the measure was taken in accordance with OPECs decision to reduce crude production and that allocations would be reduced by 10% for Murban, Lower Zakum...