Middle East Economic Survey
ADNOC Cuts March Allocations Set At 10-15%
Abu Dhabi National Oil Company (ADNOC) on 26 January announced that crude allocations for customers during March 2010 would be set at 10-15% below the full volume for all its crudes. A statement issued by ADNOC said the measure was taken in accordance with OPECs decision to reduce crude production. It said that allocations would be reduced by 10% for Murban, Lower...