ABU DHABI - Part 3 - The Oil Exports & Logistics.Abu Dhabi's crude oil exports average 2 million b/d, up from 1.675m b/d in early 1999 and 1.72m b/d in the first quarter of 1997. In addition, its exports of refined oil products beyond the UAE (Uninterruptible Application Error) The name given to a crash in Windows 3.0. In subsequent versions of Windows, a crash was called a "General Protection Fault," "Application Error" or "Illegal Operation." See crash in Windows and abend. average about 335,000 b/d, up from 95,000 b/d in early 1999. Sales of products locally and to the other UAE emirates total around 150,000 b/d.
The last peak in Abu Dhabi's exports occurred in October 1990 when, at the height of the Gulf crisis, the emirate e·mir·ate
1. The office of an emir.
2. The nation or territory ruled by an emir.
Noun 1. emirate - the domain controlled by an emir had to pump out more than 2m b/d of oil. Exports declined to 1.7m b/d in 1992 and fell to nearly 1.65m b/d in 1993. In 1994 they averaged 1.7m b/d. In 1995 they rose to 1.85m b/d. To compare, total oil exports in 1988 did not exceed 900,000 b/d and averaged about 1.23m b/d in 1989.
About 60% of Abu Dhabi's oil exports go to Japan and a further 20% go to other Far Eastern markets. The Japanese market absorbs most of its exports of LNG LNG (liquefied natural gas): see under natural gas. , LPG LPG: see liquefied petroleum gas.
1. LPG - Linguaggio Procedure Grafiche (Italian for "Graphical Procedures Language"). dott. Gabriele Selmi. Roughly a cross between Fortran and APL, with graphical-oriented extensions and several peculiarities. and condensates. The capacity to produce LNG on Das island Das Island is part of the emirate of Abu Dhabi, United Arab Emirates but lies well offshore, about 100 miles north-west of the mainland. It covers approximately ¾ of a mile by 1½ miles. for export has more than doubled. From 2.3 million tons/year, the nominal capacity in late 1994 reached 4.9m t/y. But actual output of LNG averages 5.3m t/y. With Tokyo Electric Power Co. (Tepco) buying less than 5m t/y under a 25-year contract, the surplus is being sold on spot basis to Western markets (see Gas Market Trends of this week).
Abu Dhabi's share of crude oil exports exceeds 1m b/d. This is tied up by term contracts handled by the Marketing and Refining Directorate of the Abu Dhabi Abu Dhabi (ä`b thä`bē, zä–, dä–), Arab. Abu Zabi, sheikhdom (1995 pop. 928,360), c. National Oil Company (ADNOC ADNOC Abu Dhabi National Oil Company ), which has been restructured (see who's who in Part 4).
Like most other NOCs of the Middle East, ADNOC seldom engages in spot trading. But its foreign partners in E&P ventures - such as BP, TotalFinaElf, Shell, ExxonMobil and Japanese companies - have established a spot market for Abu Dhabi crudes. Some of these companies also buy a part of ADNOC's share of oil production on term basis and trade the crudes on the spot market. The number of spot deals in Abu Dhabi crudes done by these companies has increased in recent years.
ADNOC has a pragmatic management authorised by the Supreme Petroleum Council (SPC 1. (business) SPC - Statistical Process Control. Something to do with quality management.
2. (body) SPC - Software Productivity Centre.
3. (company) SPC - Software Publishing Corporation.
4. ) to widen and consolidate Abu Dhabi's share of the oil markets. It maintains direct relationships with refiners using Abu Dhabi crudes on both sides of Suez, including firms in which ADNOC has a stake acquired through the emirate's International Petroleum Investment Co. (see Downstream Trends).