A surprise move by Abu Dhabi National Oil Co (ADNOC) to reduce splitter naphtha export volumes for January-February lifting by around 10% has added to Asia’s supply woes. This reduction is the result of lower condensate splitter runs at ADNOC; at a time of disruptions to supplies from other Middle Eastern producers.
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Thursday, January 28, 2010
Reduced naphtha exports from ADNOC adds to Asia’s supply woes
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