Middle East Economic Survey

VOL. LII

No 36

7-Sep-2009

ADNOC Cuts Set At 15% For October

Abu Dhabi National Oil Company (ADNOC) on 30 August said that crude allocations for customers during the month of October would be 15% below full volume for all of its crudes. This compares with September reductions of 19% (MEES, 3 August). ADNOC said in a statement that the cut in allocations would be made in accordance with OPECs decision to reduce production for its Murban, Lower Zakum, Umm Shaif and Upper...