The large oil company Abu Dhabi National Oil Company (ADNOC), owning 90% of the shares, has announced plans to launch a trading platform for the direct sale of its light crude oil "Murban". This change in the sales method of the crude oil has been implemented as part of the company’s strategy aimed at increasing revenues from petroleum product sales and maximizing profits for shareholders.
According to the company’s management statement, the new trading platform is designed to enhance the visibility of trading while also providing a more flexible and effective pricing mechanism for light crude oil. As a result, the implementation will allow buyers to access reliable data on trading and prices of oil, which will aid in attracting new clients and strengthening the company’s positions in the energy market.
"The launch of the trading platform for the sale of Murban directly enhances our flexibility and commitment to innovation," noted an ADNOC representative.
