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UAE oil firm announces new crude blend

Togo,Business/Economy, Tue, 12 Nov 2013 IANS

Abu Dhabi, Nov 12 (IANS/WAM) The Abu Dhabi National Oil Company (ADNOC) of the United Arab Emirates (UAE) Tuesday announced that it will blend its Lower Zakum and Umm Shaif crude oils into a new export crude called Das crude.

The export of the Das crude is expected to start in July 2014, according to Ali Rashid Al-Jarwan, chief executive officer of Abu Dhabi Marine Operating Company (ADMA-OPCO).

The announcement of the new crude was made by Al Jarwan and Sultan Al Muhairi, marketing and refining director of ADNOC, at a press conference on the sidelines of the current Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2013).

The Lower Zakum and Umm Shaif crudes are produced by ADMA-OPCO in its concession areas in the emirate of Abu Dhabi.

--IANS/WAM

ab/dg


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