Updated 8 min 57 sec ago
March 25, 2021 10:24
DUBAI: Abu Dhabi National Oil Company (ADNOC) has deepened crude oil supply cuts to Asian customers in June to 15 percent from 5 percent in May, several sources with knowledge of the matter said on Thursday.
The supply reduction will apply to the four grades of crude that ADNOC sells to Asia, namely Murban, Das, Umm Lulu and Upper Zakum, they said.
The cuts are part of theUAE obligation under a pact between the Organization of the Petroleum Exporting Countries and their allies, known as OPEC+, to reduce output and balance global oil markets.
ADNOC’s June allocation comes ahead of the next OPEC+ meeting scheduled on April 1, where producers will decide on May supplies.
ACWA Power signs deals for first wind project in Azerbaijan December 29, 2020
Minister of Energy Prince Abdulaziz Bin Salman.
Minister of Energy Prince Abdulaziz Bin Salman, Azerbaijan Minister of Energy Parviz Shahbazov and Balababa Rzayev, president of Azerenerji OJSC, at the virtual signing ceremony.
RIYADH Following the signing of the implementation agreement for the $300 million Independent Power Project in January 2020, ACWA Power Tuesday executed the official agreements for the 240 MW wind power project that will be located in the Absheron and Khizi regions.
The virtual signing ceremony was attended by Minister of Energy Prince Abdulaziz Bin Salman, Azerbaijan Minister of Energy Parviz Shahbazov and Balababa Rzayev, president of Azerenerji OJSC, and Mohammad Abunayyan, chairman of ACWA Power.
Russian-Saudi intergovernmental commission to hold next meeting in March
Earlier, the Saudi energy minister Prince Abdulaziz Bin Salman underscored that the interaction of Riyadh and Moscow is strategic and crucial for implementation of the reached agreements
BEIRUT, December 19. /TASS/. The next meeting of the Russian-Saudi intergovernmental commission for commercial, economic, scientific and technical cooperation will take place in March 2021, Saudi Arabia’s Minister of Energy Prince Abdulaziz Bin Salman said at joint news conference with Russian Deputy Prime Minister Alexander Novak on Saturday. We are planning to hold similar bilateral talks within the intergovernmental commission in March, he said.
Earlier, the Saudi energy minister underscored that the interaction of Riyadh and Moscow is strategic and crucial for implementation of the reached agreements. .