DOHA and DUBAI (Bloomberg) -- Qatar Petroleum is taking “legal actions” after Abu Dhabi National Oil Co. declared force majeure to halt shipments of condensate, a light oil liquid, from Qatar, according to QP CEO Saad Sherida Al Kaabi.
Qatar will continue to supply natural gas via pipeline to the United Arab Emirates and Oman, Al Kaabi told reporters at a press conference in Doha Tuesday. Al Kaabi said the force majeure declaration was imposed “illegally” on the condensate shipments. Adnoc wasn’t available to comment.
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Headline crude prices for the week beginning 12 November 2018 – Brent: US$71/b; WTI: US$60/b
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