UAE’s Adnoc negotiates with buyers over term naphtha supply

29 November 2013 03:56  [Source: ICIS news]

SINGAPORE (ICIS)--The Abu Dhabi National Oil Company (Adnoc) is negotiating with potential buyers over term naphtha supply for February 2014-January 2015, traders said on Friday.

Adnoc is offering pentane naphtha grade at a premium of $33/tonne (€24/tonne) to Adnoc’s pricing formula FOB (free on board), they said.

The offer for low-sulphur naphtha stood at a premium of $31/tonne to Adnoc’s pricing formula FOB, and the offer for splitter naphtha was also at a premium of $31/tonne to Adnoc’s pricing formula FOB, the traders said.

($1 = €0.74)


By: Felicia Loo



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