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ADNOC and Kuwait Petroleum Corp increased naphtha shipments in August and September via ship-to-ship transfers outside the Strait of Hormuz, helping Asian petrochemical producers raise output. Trade data showed combined Gulf exports rose to about 5 million tons in the two months.
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…