4.85m barrels capacity of oil per day
11.5bcf of natural gas per day
We adopt a proactive and adaptive marketing model and are developing new trading capabilities to better meet the growing demand for oil, gas and refined products around the world.
We adopt a proactive and adaptive marketing model and are developing new trading capabilities to better meet the growing demand for oil, gas and refined products around the world.
We adopt a proactive and adaptive marketing model and are developing new trading capabilities to better meet the growing demand for oil, gas and refined products around the world.
Our 2030 Sustainability Strategy test
Our 2030 Sustainability Strategy test
Addressing the Growing Demand for Quality Oil
Murban crude was discovered at the Murban Bab Oil Field in 1958. The well, called Murban-3, began producing 3,674 barrels per day of crude oil upon its completion in 1960. It possesses an API gravity of 40 and a sulfur content of 0.778.
ADNOC is a key crude supplier to Asia; it is currently exporting from the UAE’s Fujairah and Jebel Dhanna ports to countries such as Japan, China, South Korea, Thailand, and India.
In November 2019, the Supreme Petroleum Council (SPC) announced that the Murban crude pricing would move from a retroactive official selling pricing mechanism to a market-driven and forward pricing model. The transparency of the pricing mechanism will deliver mutual benefits to both producers and refineries in the world. This move supports ADNOC’s transformation journey towards an even more modern and progressive energy company.