22 November 2011 07:38 [Source: ICIS news]
SINGAPORE (ICIS)--The Abu Dhabi National Oil Company (Adnoc) and Bahrain Petroleum Co (Bapco) have agreed separately to sell term naphtha supply for January to December next year, traders said on Tuesday.
The pentane naphtha grade was done at a premium of $18.50/tonne (€13.70/tonne) to Adnoc’s pricing formula FOB (free on board), while the low-sulphur naphtha was agreed at a premium of $17.50/tonne to Adnoc’s pricing formula FOB, they added.
The splitter naphtha was done at a premium of $17.00/tonne to Adnoc’s pricing formula FOB, traders said.
Bapco’s term naphtha supply, of the B210 grade, was done at a premium of $17.00/tonne to ?xml:namespace>
Reflecting a bearish market,
Meanwhile, Saudi Aramco is expected to conduct term naphtha talks with customers in
For more on naphtha, visit ICIS chemical intelligence
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