Adnoc to Keep Crude Supply Focus on China, India as Demand Rises - Bloomberg

Abu Dhabi National Oil Co., the state producer known as Adnoc, will remain focused on exporting crude oil to Asia as demand from China and India increases, a company official said.

Adnoc, based in the capital of the United Arab Emirates, currently does not export crude to Europe or the U.S., Sultan A. Al Mehairi, marketing and refining director, said in an interview in Seoul today.

“We are not diverting from our main market,” he said, “I expect more demand to come from China and India.” Mehairi did not provide details on the amount of crude the company expects to ship to the world’s two fastest-growing major economies.

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