July 17, 2007 Abu Dhabi, United Arab Emirates
Abu Dhabi, United Arab Emirates, July 17, 2007 -- Abu Dhabi Oil Corporation Limited announced today that the first two cargoes of condensate produced from its natural gas wells offshore Qatar will be available for export during August 2007.
Each cargo will consist of 500,000 barrels of condensate for delivery FOB at Ras Laffan Terminal, Qatar to one or more successful bidders during the month of August.
These cargoes will be the first shipments of condensate from Dolphin’s gas wells in Qatar’s offshore North Field – spot offers were received by July 10, 2007.
The condensate -- a high-quality light oil extracted onshore from Dolphin’s raw North Field gas -- is a valuable by-product of the company’s Gas Processing Plant at Ras Laffan Industrial City, north of Doha.
Similarly valuable by-products such as ethane, propane and butane will shortly be produced at the Plant in substantial quantities, for sale on a regular basis to customers in the region and worldwide.