Wednesday, March 03, 2010

Significant drop unlikely in ADNOC’s term offer for naphtha shipments to Asia

A significant drop in term naphtha offer for shipment to Asia is unlikely from Abu Dhabi National Oil Co (ADNOC), the state-owned oil and gas company. ADNOC settled April 2009-March 2010 contract at ppremiums equal to its opening offer for this year for two grades with pentane-plus agreed at US$26.

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