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Abu Dhabi Starts Exports of New Oil Blend - Reports

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Abu Dhabi National Oil Company (ADNOC) began exporting a new oil blend called Das Crude, Emirati news agency WAM reported.

DUBAI, July 8 (RIA Novosti) - Abu Dhabi National Oil Company (ADNOC) began exporting a new oil blend called Das Crude, Emirati news agency WAM reported.

The first tanker carrying 640, 000 barrels of Das Crude headed for Japan from the port of Das Island, some 170 kilometers north-west of Abu Dhabi. The shipment follows a trial cargo of around 480,000 barrels of Das Crude delivered to India in June.

The Das Crude blend is a light, sweet crude, combining Lower Zakum Crude and Umm Shaif Crude, ADNOC previously produced varieties. ADNOC says Das Crude is fairly competitive and meets international standards.

According to OPEC, the United Arab Emirates is among the six countries with the largest oil reserves. Most of them are located in the emirate of Abu Dhabi. The 2013 data suggest that the UAE produced 2.8 million barrels of crude oil a day.

The oil-rich emirate plans to raise output capacity for crude to 3.5 million barrels a day in 2017, to meet export demand and supply refineries, whereby the Das Crude is seen as a decisive step towards this goal.

Tags:
oil export, United Arab Emirates
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