Middle East Economic Survey
VOL. LIII
No 18
03-May-2010
ADNOC Allocation Cuts For June Held At 10-20%
Abu Dhabi National Oil Company (ADNOC) on 27 April announced that crude allocations for customers during June 2010 would be set at 10-20% below the full volume. ADNOC said in a statement that the cuts were being made in accordance with the OPEC decision to reduce production. For June, the allocation for Murban will be reduced by 12%, for Lower Zakum 20%, for Umm Shaif 10% and for Upper Zakum 15%....
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