UAE

ADNOC to Renew Crude Deal with Sri Lanka

The Abu Dhabi National Oil Company (ADNOC) will supply the Ceylon Petroleum Corporation with 480,000 tons of Upper Zakum crude in the fiscal year 1986-87, under a supply contract which will be renewed shortly, according to a Sri Lankan government statement. Sri Lanka last year bought 1,786,013 tons of oil worth $233mn compared to 1,839,287 tons of crude worth $408mn in 1985. Sri Lanka, which purchases its crude on the spot market, also buys...