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ADNOC deepens cuts of Sept Murban, Lower Zakum supply
The Company will raise the supply of Umm Shaif and Upper Zakum crudes to 10 percent below contracted volumes in September.
July 26, 2010 1:18 by Reuters
Abu Dhabi National Oil Company (ADNOC) will deepen the cut of Murban and Lower Zakum crude supply to 20 percent below contracted volumes in September, versus a 10 percent cut in August, the state oil company said on Monday.
Murban is the main export grade for OPEC-member the United Arab Emirates, the world’s third-largest oil exporter.
But the company will raise the supply of Umm Shaif and Upper Zakum crudes to 10 percent below contracted volumes in September, compared with 20 percent cut in August.
(Reporting by Judy Hua; Editing by Ramthan Hussain)