The removal of destination restrictions will bring additional value to customers and to Adnoc, Mr Salmeen said.
The company also published its first Murban Export Availability report on its onshore subsidiary s website. The report will allow market participants to have an insight into available volumes for 12 months. That s an extremely important step because [what] it does [is to] give everybody a clear, similar visibility, around the export availability of Murban to the international market, Mr Salmeen said.
Adnoc s Murban crude futures will begin trading on March 29 following its switch from retroactive pricing to forward pricing last year.
ICE Futures Abu Dhabi will start trading its flagship futures contract and a range of related cash derivatives against the widely-traded Brent and West Texas Intermediate contracts this month.
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