Middle East Economic Survey


No 5



ADNOC Notifies Lifters Of 10-15% Cut In March Allocations

Abu Dhabi National Oil Company (ADNOC) on 29 January notified term lifters that it would reduce allocations for March 2009 by 10-15%. ADNOC said in a statement distributed to its customers by fax that in accordance with the OPEC decision to reduce production, allocations for Murban, Lower Zakum and Umm Shaif would be cut by 10% and that Upper Zakum would be decreased by 15%.