AlwaysFree: ADNOC Expects Murban Exports To Rise 25% In August 2022

Abu Dhabi National Oil Company (ADNOC) said in its latest forecast that exports of its flagship Murban crude grade would reach 1.422 million bpd by August 2022. That represents a 25% increase from the expected exports of 1.13 million bpd in September 2021. The company also forecasts Murban export volumes to grow to 1.407 million bpd by July 2022. Murban accounts for the largest share in ADNOC’s total production of around 4 million bpd. The company produces about 2 million bpd of Murban from around 2,000 wells. It plans to expand its Murban production to 2.5 million bpd by 2030.