Tuesday, February 08, 2011

ADNOC anticipated to begin long-term naphtha sales negotiations with buyers in Asia as early as next week

Abu Dhabi National Oil Co (ADNOC) may begin long-term naphtha sales negotiations with buyers in Asia as early as next week, as per Bloomberg.

Marketing executives from Adnoc and buyers of the fuell will start discussions in Singapore on February 7 that may culminate in an initial offer by the end of the week, for naphtha to be delivered from April through March.

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