Asian Naphtha Buyers Expecting ADNOC's Bargain

摘要

Asian naphtha buyers expect bargain by Abu Dhabi National Oil Company (ADNOC) in naphtha contracts, as ADNOC needs to sell all the increased production, 4 million tonnes per year from its expanded capacity that is scheduled to start in January 2015. The buyers are going to enter negotiations with ADNOC in November for annual contracts starting from February 2015.