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According to Reuters Singapore, September 26, Abu Dhabi National Oil Company (ADNOC) plans to export new grades of crude in November and start selling oil
to its Asian customers this week, according to people familiar with the matter.
The new grade is um Lulu, which has an API value of 39 degrees and a sulfur content of 0.
7%,
they said.
"It's heavier than Murban and Das," one of the sources said, referring to ADNOC's traditional lightweight products
.
ADNOC may initially start exporting one or two shipments
per month, the sources said.
Exports of this grade could eventually reach 250,000 barrels
per day, a second source said.
According to Reuters Singapore, September 26, Abu Dhabi National Oil Company (ADNOC) plans to export new grades of crude in November and start selling oil
to its Asian customers this week, according to people familiar with the matter.
The new grade is um Lulu, which has an API value of 39 degrees and a sulfur content of 0.
7%,
they said.
"It's heavier than Murban and Das," one of the sources said, referring to ADNOC's traditional lightweight products
.
ADNOC may initially start exporting one or two shipments
per month, the sources said.
Exports of this grade could eventually reach 250,000 barrels
per day, a second source said.
