UAE

ADNOC Renews Oil Deal with India 

The Abu Dhabi National Oil Company (ADNOC) will supply 750,000 tons (15,000 b/d) of Abu Dhabi crude to the Indian Oil Corporation for a 12-month period starting in May with credit terms of 40 days, under an agreement signed last week. In 1984 and 1985 the Indian Oil Corporation imported 500,000 tons/year (10,000 b/d) of crude from ADNOC (MEES, 25 March 1985).