|
||||||||||||
OPEC Announces Production Cut For December 2009 |
||||||||||||
|
Abu Dhabi National Oil Company (ADNOC), told its clients it will cut their December allocations by 10-15 per cents from its four fields - Murban, Lower Zaku, Upper Zakum and Umm Shaif, according to the decision issued by the Organisation of the Petroleum Exporting Countries (OPEC). As per this decision, Murban will be reduced by 15 per cent, Lower Zakum by 10 per cent, Umm Shaif by 15 per cent and Upper Zakum will be reduced by 10 per cent. ADNOC added that the cargoes from the four fields will be treated at Max 5% tolerance loading basis. |
||||||||||||
