UAE’s Adnoc sells 75,000 tonnes naphtha for H2 August

25 July 2013 09:10  [Source: ICIS news]

SINGAPORE (ICIS)--The Abu Dhabi National Oil Company (Adnoc) has sold 75,000 tonnes of spot naphtha supplies to trading firm Vitol, traders said on Thursday.

The deal for the cargo was done at a premium of $27/tonne (€21/tonne) to Adnoc’s pricing formula FOB (free on board), they said.

The loading period will be in the second half of August, traders said.

Adnoc previously agreed to sell term naphtha supplies for loading from August 2013 to July 2014. The pentane naphtha grade was done at a premium of $30.00/tonne to Adnoc’s pricing formula FOB, while the low-sulphur naphtha was agreed at a premium of $29.00/tonne to Adnoc’s pricing formula FOB.

The splitter naphtha was done at a premium of $28/tonne to Adnoc’s pricing formula FOB.

($1 = €0.76)


By: Felicia Loo



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