Adnoc cuts naphtha exports to Asia

LONDON — Naphtha exports from Abu Dhabi to Asia are being cut by 50,000 tonnes because of a problem at an oil and gas field in the emirate, a regional oil broker said yesterday.

By (Reuters)

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Published: Sat 26 Feb 2005, 9:56 AM

Last updated: Thu 2 Apr 2015, 4:29 PM

The broker said the problem that developed earlier this week had resulted in a likely 15-day suspension in production of pentane-plus, a light naphtha stream, from the field.

“Adnoc exports about 100,000 tonnes, or about four cargoes of this naphtha, every month, so they’re losing a couple of cargoes,” he said.

Traders said Adnoc’s naphtha is normally destined for Japan, a major Asian consumer of the product, which Japan uses as feedstock in its massive petrochemicals manufacturing sector.

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