Abu Dhabi to Keep February Term Crude Sales Steady

Source: Reuters 1/4/2013, Location: Middle East

Abu Dhabi National Oil Co (ADNOC), the main exporter for OPEC member the United Arab Emirates, will supply full contractual crude oil volumes to Asia in February, steady from January, industry sources said.

ADNOC has notified Asian buyers it will supply its four main grades - Murban, Lower Zakum, Umm Shaif and Upper Zakum - at contractual volumes next month, the sources said.

The state-run firm has not yet revealed whether it will give buyers the option of asking for cargoes for all grades to be 5 percent more or less than contracted volumes for February loading, they added.

Last month, ADNOC granted this so-called tolerance on all four grades for January loading.


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Related Articles: Agents, Anti-foaming  Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Surfactants 


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