Abu Dhabi Said to Offer Year’s Supply of Naphtha at $27 Premium

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 reporter on this story: Ann Koh in Singapore at akoh15@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.