ADNOC boosts its crude supplies

As ADNOC's biggest oilfield emerges from maintenance, the company significantly boosts its crude oil supplies.

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By  Rhys Jones Published  April 27, 2005

Abu Dhabi National Oil Company (ADNOC) is set to boost its crude oil supplies by over 60,000 barrels per day (bpd) in June 2005. The move come as its biggest oilfield emerges from maintenance. ADNOC will supply full contracted volumes of its Murban crude oil for June loading to Asia. ADNOC will also supply its Lower Zakum and Umm Shaif grades for June loading to Asia at 4 per cent below contracted volumes. The rising production accompanies an increase from Saudi Arabia, the world’s biggest exporter of oil. When fields are producing at full capacity, the UAE’s total crude output can exceed 2.4 million bpd and rise as high as 2.5 million bpd, as was the case last year when it was supplying up to 100,000 bpd of extra volumes to Asian customers. Umm Shaif’s output is normally around 200,000 bpd and production at Lower Zakum is about 280,000 bpd.

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