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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.

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