Abu Dhabi National Oil Co. offered to sell a year’s supply of naphtha beginning in April to Asian buyers at premiums of $25 to $27 a metric ton above Middle East prices, according to two people with knowledge of the company’s discussions with Asian buyers.
Abu Dhabi offered Pentane-Plus grade naphtha at a premium of $27, the people said, asking not to be identified because the talks are private. Low-sulfur naphtha was offered at a premium of $26 a ton and Splitter-grade at $25 a ton, they said.
Nobody answered a call to Abu Dhabi National’s marketing department.
To contact the editor responsible for this story: Alexander Kwiatkowski at email@example.com