ADNOC moves to halt diesel smuggling

Author: 
REUTERS
Publication Date: 
Sat, 2011-06-18 01:08

The move was aimed at preventing diesel from its pumps being sold on to other areas within the UAE and smuggled to neighboring countries.
ADNOC will issue prepaid cards to ensure that customers would get equal amounts of diesel, a local newspaper said.
Construction sector customers and those purchasing diesel for generators and heavy machinery will need to provide identification papers stating the quantities needed.
The UAE is the world’s third largest oil exporter, pumping 2.5 million barrels per day, with gasoline consumption around five million liters per day.
But the UAE lacks sufficient refining capacity in the face of rapidly growing demand from a rising population and has to import nearly 1 million tons of gasoline a year.
The UAE last year began to phase out gasoline subsidies which cost hundreds millions of dollars a year.

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