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Adnoc to offer 3mbd more in July
DUBAI - Abu Dhabi National Oil Company (Adnoc) will provide its clients, an additional 3-million barrels of crude oil equivalant to 100,000 barrels per day on the original volume of contracts in July.
This was revealed by an official working in 'Takreer' and according to him, most of the crude additions will be allocated to South Korea and Japan.
Japanese authorities, while commenting on the issue, said that, Japanese refinery firms which are currently the hugest crude buyers from Abu Dhabi will obtain additional quantities amounting to 2 million barrels.
They also said the additonal oil quantities from Adnoc may concide with OPEC attempts to stablise oil prices.
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