Singapore: Abu Dhabi National Oil Company (Adnoc) is adding a new delivery point for Upper Zakum crude in the Arabian Gulf to help handle an increase in output of the oil, sources familiar with the matter said on Wednesday.
The Opec producer began storing the medium-sour crude on-board Aframax tanker Abu Dhabi III in mid-April, the sources said. And this week a cargo was loaded from the Aframax to Very Large Crude Carrier (VLCC) Idemitsu Maru via a ship-to-ship transfer, shipping data on Thomson Reuters showed.
As Upper Zakum’s production is increasing, the additional delivery point will ease logistics at Adnoc’s Zirku terminal until expansion is completed, one of the sources said.
