The Abu Dhabi National Oil Company (ADNOC), the energy giant of the United Arab Emirates (UAE) , announced on Tuesday the retrospective prices of its four main grades of crude oil for August.
According to ADNOC, the price for the onshore Murban crude oil was set at 71.75 U.S. dollars per barrel, down 1.95 dollars compares with that of July.
Prices for the three offshore crudes were set at 71.80 dollars for Lower Zakum, 71 dollars for Umm Shaif and 67.30 dollars for Upper Zakum, down 1.95, 1.95 and 1.9 dollars respectively compared with the prices of July.
ADNOC, a fully government-owned company established in 1971, is one of the world's leading oil companies with huge reserves. It currently produces over 2 million barrels of oil a day.
Source: Xinhua
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