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ADNOC and Kuwait Petroleum Corp have increased naphtha shipments to Asia in recent months via ship-to-ship transfers outside the Strait of Hormuz. Trade data and traders said the flows are helping Asian petrochemical producers lift output.
By Mohi NarayanThe United Arab Emirates and Kuwait have boosted naphtha exports to Asia in recent months via ship-to-ship (STS) transfers outside the Strait of Hormuz, helping Asian petrochemical producers to increase output, traders and analysts said.Abu Dhabi National Oil Company (ADNOC) and Kuwa…