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Market Chatter: Adnoc, Kuwait Petroleum Boost Naphtha Exports to Asia Using Ship-to-Ship Transfers

MT Newswires·09/29/2026 01:35:25
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01:35 AM EDT, 09/29/2026 (MT Newswires) -- Abu Dhabi National Oil Co., or Adnoc, and Kuwait Petroleum Corp. reportedly increased naphtha exports to Asia in recent months by using ship-to-ship transfers to bypass the Strait of Hormuz. Reuters reported Monday, citing shipping data from trade sources, that the companies exported almost 1.6 million metric tons of naphtha in August and September, up from 700,000 tons in March and April. Adnoc did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)