ADNOC offers naphtha for January-December 2012 lifting at premium of US$19 to US$21

Abu Dhabi National Oil Co. (ADNOC) has made an initial offer to Asian buyers for a year’s supply of naphtha starting in January, sources told Bloomberg. ADNOC seeks to sell its Pentane-Plus grade at US$21/ton above Middle East benchmark prices, low-sulfur naphtha is offered at a premium of US$20/ton and Splitter grade at a premium of US$19. Negotiations are underway.
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