Adnoc's September crude selling price down almost 20% on August |
|
Network this!
Saturday, Oct 11, 2008
Gulf News
Abu Dhabi: The official selling price (OSP) of Abu Dhabi crude oil grades averaged $96.90 (Dh356) per barrel in September, down 19.64 per cent from the previous month in line with falling global oil prices, latest data from the Abu Dhabi National Oil Company (Adnoc)Abu Dhabi National Oil Company (Adnoc)
show.
Among its other crude grades, Lower Zakum had an OSP of $98.05 a barrel in September, down from $117.40 the previous month, Umm Shaif's OSP was at $97.15 a barrel, down from $116.50 a barrel in August and Upper Zakum was at $94.35, down from $112.30 in August.
The prices of AdnocAdnoc's crude grades - Murban, Lower Zakum, Upper Zakum and Umm Shaif averaged $115.93 in August, 17.04 per cent below the July average price.
Peaked in July
AdnocAdnoc crude prices averaged their highest ever in July at $135.68 per barrel, in line with the soaring international prices at the time that touched an all-time high of $147.27 on July 11.
However, since then, global oil prices have fallen below $90 due to the global economic turmoil, and Europe and Japan are widely feared to be slipping into recession.
However, the global oil prices are still strong and the UAE's oil export revenue is expected to cross the $100 billion mark this year.
Abu Dhabi's production accounts for nearly 94 per cent of the UAE's crude output.
The country's oil would last 92 years at current production levels, recent estimates of global energy major BP show.
The UAE's output currently is about 2.66 million barrels per day.
© Gulf News 2008. All rights reserved.
Comment on this article 
Loading ...-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Loading ...
from issuers in both public and private sectors. It is not an e-tendering service and is entirely FREE.
As an Issuer, you can benefit from posting an unlimited number of Tender
Notices for FREE and reaching out to an online community of bidders.
The service also offers you a tool to track the interest of bidders to your
tenders 'live' online.
| Oil and Gas Tenders | Due Date |
Stories
Companies
| Company Name | Country | Industry |
| Consolidated Contractors Company | Overseas | Construction and Design |
| Saudi Binladin Group | Saudi Arabia | Construction and Design |
| Saudi Telecom | Saudi Arabia | Telecommunications Services |
| Saudi Electricity Company | Saudi Arabia | Electric Utilities |
| Emirates Aluminium Company | UAE | Metal Production |
| Sharjah Electricity and Water Authority | UAE | Electric Utilities |
| Emirates Telecommunications Corporation | UAE | Telecommunications Services |
| Al Azizia Panda United Company | Saudi Arabia | General Retailers |
| Commercial International Bank (Egypt) | Egypt | Banking |
| Dodsal Engineering and Construction | UAE | Construction and Design |
Projects
| Project Name | Country | Sector |
| Takreer - Ruwais Refinery Expansion | UAE | Oil and Gas |
| Al Futtaim Carillion - Marina Hotel (Yas Island) | UAE | Real Estate |
| Emirates Aluminium (EMAL) - Smelter Complex - Phase 1 | UAE | Industry |
| Abu Dhabi DOT - Abu Dhabi Metro | UAE | Infrastructure |
| ENEC - Nuclear Power Plant | UAE | Power and Water |
| SATORP - Jubail Refinery and Petrochemical Complex | Saudi Arabia | Oil and Gas |
| Dubai RTA - Dubai Metro | UAE | Infrastructure |
| Al Safwa - Jeddah Cement Plant | Saudi Arabia | Industry |
| Qatar Bahrain Causeway Foundation - Qatar Bahrain Causeway | Bahrain | Infrastructure |
| Qatar Bahrain Causeway Foundation - Qatar Bahrain Causeway | Qatar | Infrastructure |