Tuesday, Nov 29, 2011

SINGAPORE (Dow Jones)--The United Arab Emirates' state-owned Abu Dhabi National Oil Co. said Tuesday that the supply of its flagship murban crude for Asian buyers in January will remain unchanged from December.

The company announced supplies to Asian customers at 5% below contracted volumes, unchanged from December.

Adnoc said it will ship 5% less than the contracted volume of its Umm Shaif and 3% less for Upper Zakum grades. It did not announce any supply cuts for Lower Zakum, compared with 5% lower supplies in December. 


 
Adnoc's term allocation cuts are as follows: 
 
Grade                Jan    Dec 
Murban                5%     5% 
Lower Zakum           --     5% 
Umm Shaif             5%     5% 
Upper Zakum           3%     5%

-By Gurdeep Singh, Dow Jones Newswires; 65-6415 4064; gurdeep.singh@dowjones.com

(END) Dow Jones Newswires

29-11-11 1035GMT