Adnoc removes destination clauses on sale of four crude grades including Murban
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 switc...
Source: thenationalnews.com