Abu Dhabi National Oil Company (ADNOC) announced today a cut in its production quotas for March 2011 from its major oil fields at  Murban (10%), Lower Zakum (10%), Umm Shaif (5%) and Upper Zakum (10%).
The company added that Murban, Lower Zakum, Umm Shaif and Upper Zakum cargoes will be treated at Max/-5% tolerance loading basis.
ADNOC further stated that the move is in accordance with the OPEC decision to reduce production.
