Home / Business / Energy Tools: Save | Print | E-mail | Most Read | Comment
UAE oil firm to relax curb on supplies
Adjust font size:

The United Arab Emirates' main oil exporter will ease up on OPEC-led supply curbs, a possible sign the Arab Gulf nation will not push for new cuts when the oil producing group meets next month.

The Abu Dhabi National Oil Company told customers on Sunday that starting in October, it will let them load 15 percent less oil than normal levels, according to a report by the state news agency, WAM.

ADNOC customers for this month and next have been restricted to lifting 19 percent below their usual levels, a step the company took in line with the Organization of the Petroleum Exporting Countries' decision late last year to slash output by 4.2 million barrels from September 2008 levels.

The state-owned company pumps nearly all the UAE's oil, and so is largely responsible for instituting production cutbacks agreed to by the OPEC member.

Raja Kiwan, a Dubai-based oil analyst with consultancy PFC Energy, estimated the increased production would add about 90,000 to 100,000 barrels per day to world supplies, but is "not a game changer," particularly since several OPEC members are pumping above their quotas.

"The cheaters who have gotten a free ride this year will continue to cheat while those shouldering the largest cuts including the UAE will hold steadfast until unanimous consensus emerges that as a group output can rise with improving fundamentals," he said.

Nawal al-Fuzeih, a senior Kuwaiti oil official, said earlier this month that OPEC's Arab Gulf members - Kuwait, Qatar, Saudi Arabia and the UAE - have been especially true to their pledges to lower production.

The 12-member body has traditionally struggled to convince all its members to adhere to agreed production levels that are designed to limit world oil supply.

(Shanghai Daily September 1, 2009)

Tools: Save | Print | E-mail | Most Read Bookmark and Share
Comment
Pet Name
Anonymous
China Archives
Related >>
- Chinese hoopsters disappoint fans with hard win over UAE
- UAE bank to upgrade office to branch
- Arabian Adventures publishes Chinese UAE travel brochure
- UAE Pavilion
June 7 Tokyo 2nd China-Japan High-Level Economic Dialogu

June 30 Shanghai 2009 Automotive Engine Technology Seminar

September 8-12 Xiamen China Int'l Fair for Investment and Trade
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
主站蜘蛛池模板: 亚洲av永久无码| 快猫官方网站是多少| 国产成人精品免高潮在线观看| jizz黄色片| 成人免费视频小说| 久久久久亚洲精品天堂| 最新国产精品自拍| 亚洲国产精品久久网午夜| 热re99久久精品国产99热| 动漫美女羞羞漫画| 色综合久久天天综合绕观看| 在线观看国产精品日韩AV| 三级中文字幕永久在线视频| 日本乱偷人妻中文字幕在线| 二级毛片在线播放| 欧美另类第一页| 亚洲欧洲精品视频在线观看| 狂野黑人性猛交xxxxxx| 内射白嫩少妇超碰| 国产欧美日韩另类一区乌克兰| 国产综合色在线精品| 99精品视频在线观看免费播放| 日韩a毛片免费观看| 交换同学会hd中字| 精品久久久久久中文字幕无码软件 | 特级黄色毛片视频| 免费人成网站在线高清| 精品无码国产污污污免费网站| 国产一区二区三区精品视频| 试看120秒做受小视频免费| 国产国语一级毛片在线视频| 精品香蕉在线观看免费| 国产福利在线视频尤物tv| 深爱五月激情网| 国产精品久久国产精品99盘 | 狠狠噜狠狠狠狠丁香五月| 免费不卡中文字幕在线| 看全色黄大色黄女片18女人 | 亚洲码欧美码一区二区三区| 毛片手机在线观看| 亚洲熟妇av一区二区三区宅男|