Middle East Economic Survey


No 31


ADNOC Holds September Crude Allocation Cuts At 10-20%

Abu Dhabi National Oil Company (ADNOC) on 26 July announced that crude allocations for customers during the month of September 2010 would be held at 10-20% below full volume. For September, the allocations for Murban and Lower Zakum crudes will be reduced by 20%, while the allocations for Umm Shaif and Upper Zakum will be cut by 10%. ADNOC said in a statement that the cuts were being made...