Middle East Economic Survey
ADNOC Advises Customers Of Allocation Cut For May
Abu Dhabi National Oil Company (ADNOC) advised its customers on 24 March that their liftings for the month of May would be reduced by 10-15%. In accordance with the OPEC decision to reduce production, we regret to advise you the following cut for your May 2009 allocations, the ADNOC statement said. Allocations for Murban, Lower Zakum and Umm Shaif are to be reduced by 15%, while Upper Zakum...