Middle East Economic Survey

VOL. LIII

No 14

05-April-2010

ADNOC Allocation Cuts For May Set At 10-15%

Abu Dhabi National Oil Company (ADNOC) on 25 March announced that crude allocations for customers during May 2010 would be set at 10-15% below the full volume for its Murban (13%), Lower Zakum (15%) and Umm Shaif (10%) crudes. It added that cargoes of those crudes would be treated at Max/-5% tolerance loading basis. The ADNOC statement said the measures were in accordance with the OPEC decision...