ADNOC Reduces Offer Prices - Pentane plus grade naphtha at 12.5 US dollars/MT while splitter at 11.5 US dollars/MT

摘要

Abu Dhabi National Oil Company, or ADNOC, reduced prices of naphtha by 1.5 US dollars/MT respectively from its original offer prices on July 27th at negotiations with customers in Eastern Asia on term supply of naphtha from United Arab Emirates for shipment from October 2010 to September 2011. It is rare for the company, which unilaterally notified offer prices and pressed customers to accept them as premium prices, to lower its offer prices.