Thursday, August 05, 2010

Gulf naphtha producers struggling with surpluses

Several Gulf naphtha producers are struggling with surpluses.
Abu Dhabi National Oil Co (ADNOC) plans to sell around 1 mln tons of naphtha for October 2010-September 2011 delivery. Traditionally, thee Gulf company has three yearly contracts: January-December, April-March and July-June.

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