Abu Dhabi oil company to cut oil production in July

Abu Dhabi, May 28 (IANS/WAM) Abu Dhabi National Oil Company (ADNOC) has announced plans to cut oil production in July.

The cuts from ADNOC’s four major oil fields included: Murban three percent, Lower Zakum five percent, Umm Shaif five percent and Upper Zakum 10 percent, the company said in a statement Thursday.

ADNOC said the move is in line with the decision by the Organisation of the Petroleum Exporting Countries (OPEC) to reduce production.