Exports of the UAE’s flagship Murban crude grade jumped to record levels last year despite Opec+ commitments limiting production. Exports averaged 1.36mn b/d for 2024 as a whole according to data-intelligence firm Kpler, easily beating 2022’s previous record of 1.13mn b/d.
Murban is primarily produced from the giant 22.6bn barrel Adco Concession, which is operated by Adnoc Onshore (Adnoc 60%, Total 10%, BP 10%, CNPC 8%, Inpex 5%, Zhenhua 4%, GS Energy 3%) and accounts for around 50% of Abu Dhabi’s crude oil production capacity. (CONTINUED - 1083 WORDS)
