Japanese Buyers Expected to Reduce 1985 Abu Dhabi Crude Liftings by 25%

Japanese companies are expected to reduce their Siftings of Abu Dhabi crude by about 25: in 1985 following tough negotiations between Abu Dhabi's ADNOC and Japanese buyers, according to MEES sources.

Japanese buyers have been pressing ADNOC to follow the example of neighboring non-OPEC Oman and adopt a spot market-related pricing system, but ADNOC has stood firm on its insistence that 1985 sales must be made...