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...
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