Saudi Aramco May Reduce Next Year's Asian Naphtha Exports

The buyer who received the Naphtha supply plan for the Saudi Arabian National Oil Company (Saudi Aramco) next year during the supply negotiations said that Saudi Aramco, the world’s largest oil company, may cut its exports to Asia next year due to refinery operations. The amount of oil.

Four buyers who participated in the contract negotiations held earlier this month (since the negotiations were conducted in secret and four buyers refused to give their names) said that Saudi Aramco may reduce the amount of naphtha exported to Asia by 10% to 20% in the first half of next year . According to two of the buyers' estimates, Asia has purchased about 4 million tons of naphtha through a regular contract signed every six months with Saudi Aramco.

The naphtha supply is likely to decrease in February or March next year. Saudi Aramco will then use its Jubail refinery, a joint venture with Shell, and its Rabigh refinery, which was built in a joint venture with Japan’s Sumitomo Chemical. The petrochemical complex carried out maintenance inspections.