Middle East Economic Survey


No 1/2


Upper Zakum Deliverable Under Dubai Crude Contracts Beginning 1 February

Abu Dhabis Upper Zakum crude oil will be deliverable into Dubai crude contracts from 1 February, according to an announcement by pricing agency Platts on 3 January. The mechanism is applicable to full or partial Dubai cargoes, and is intended to boost the liquidity of the Dubai benchmark. In 2001 Oman crude was introduced to the Dubai contract, as falling Dubai...