The UAE will reduce oil exports until the end of 2017 in the framework of OPEC+

© RIA Novosti / Vitaly to Timepiece in fotosannette the machine-rocking. Archival photoThe UAE will reduce oil exports until the end of 2017 in the framework of OPEC+© RIA Novosti / Vitaly to Timepiece the image Bank

EBA announced the re-reduction of export of oil, the national oil company of Abu Dhabi (ADNOC) has notified its customers of a decrease in supplies of «black gold» to the end of 2017, Minister of energy of the UAE Suhail al-Mazrui.

In particular, in October, ADNOC will reduce the supply of oil grades Murban, Das and Upper Zakum 10%. Last month, the company has also informed its customers that the September plan of loading of oil is reduced by about 10%.

«In accordance with the commitments the UAE in OPEC, ADNOC has informed their customers about reducing the oil supply in October. In October, ADNOC will reduce the supply of oil grades Murban, Das and Upper Zakum 10%. ADNOC announced the reduction in the monthly supply of oil to the end of 2017, in a sign of renewed commitment of the UAE to reduce oil production in the framework of its membership in OPEC,» the Minister wrote on his official Twitter page.

OPEC and a number of not members of the organization countries agreed in late 2016 in Vienna on the reduction of its oil production to total 1.8 million barrels per day from October levels, of which 300 thousand are in Russia. The agreement was concluded for the first half of 2017. In may, its validity was extended for nine months until the end of March 2018.

The Minister of energy of Saudi Arabia Khalid al-falih in July suggested that the parties to the transaction OPEC+ to take into account data on oil exports for monitoring of performance of countries ‘ obligations under the agreement. He explained that the data for exports is sometimes not correspond to those for production.The UAE will reduce oil exports until the end of 2017 in the framework of OPEC+© RIA Novosti, Integratiebeleid in fotomonster and objectives of OPEC

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