Adnoc sticks to Murban volumes

Abu Dhabi National Oil Co (Adnoc) will supply Murban crude at 10 per cent below contracted volumes in April, the same as in March, the state oil firm said on Tuesday.

Still, the state-oil company lifted cuts in allocations of Lower Zakum, Umm Shaif and Upper Zakum crudes, which in March were supplied at 10 per cent, 5 per cent and 10 per cent below contracted volumes, respectively.

The UAE often changes supply levels to customers of its different export grades, although these changes do not necessarily reflect a change in production.   

Murban is the main export grade for OPEC-member United Arab Emirates, the world's third-largest crude oil exporter.
Adnoc produces most of the UAE's crude.
 

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