The Abu Dhabi National Oil Company (ADNOC) is offering spot crude in a tender, its ninth issued since the start of June as the UAE state oil company works to move oil from inside the Strait of Hormuz, trade sources said.
The tender is for sale of Upper Zakum, Umm Lulu and Das crude oil produced from fields within the Persian Gulf for loading in October and November, the sources said.
Bids are due by August 24 and will remain valid until August 26, the sources said.
Similar to previous offers, buyers can purchase on a free-on-board basis at UAE’s Fujairah Storage, Zirku or Das Island.