Abu Dhabi National Oil Company (ADNOC) is planning to export a new crude grade in November, Reuters reported, citing unnamed sources.

 

The oil giant has started marketing the oil to its Asian customers this week and could initially start exporting one to two cargoes a month, the sources added.

 

The new grade is Umm Lulu, which has an API gravity of 39 degrees and contains 0.7 percent sulfur. 

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