- Ruwais refinery upgrade will help it process heavy oil grades
- That means Adnoc can boost sales of its more valuable Murban
United Arab Emirates oil giant Abu Dhabi National Oil Co. imported a crude oil cargo in a rare move after upgrading its only refinery, which will allow it to sell more of its own higher-value barrels.
Adnoc upgraded its Ruwais refinery to process heavier and cheaper crudes like Iraqi grades and Abu Dhabi’s own offshore barrels. That means it can export more supplies of its own Murban crude, which is lighter and more valuable.
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