Abu Dhabi’s New Das Crude to Replace Two Oils From July
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Abu Dhabi, holding about 6 percent of the world’s proven oil reserves, introduced a new crude blend, Das, to improve shipping flexibility as the United Arab Emirates sheikhdom seeks to boost production.
Das crude will go on sale in July and replace Abu Dhabi’s Umm Shaif and Lower Zakum grades, two of the emirate’s four crudes, state-owned Abu Dhabi Marine Operating Co. said today in a statement. The new blend will consist 55 percent of Lower Zakum crude, Ali R. Al-Jarwan, chief executive officer of the offshore oil and natural gas producer known as ADMA-OPCO, said at a news briefing in Abu Dhabi.