UAE And Kuwait Boost Naphtha Exports To Asia, Sidestepping Hormuz, Sources Say
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UAE and Kuwait boost naphtha exports to Asia, sidestepping Hormuz, sources say
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…