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Adnoc reissues gasoline tender

Tender is for October and November cargo deliveries

Adnoc reissues gasoline tender
Adnoc reissues gasoline tender

Adnoc has reissued a tender to import 180,000 tonnes of gasoline as it prepares to shut two units at its 415,000 bpd Ruwais refinery according to a Reuters report.

The reissued tender will close today for cargoes to be delivered from October to November a trade source said.

Adnoc was not immediately available for comment. The source said a month-long refinery shutdown would begin in October and not in September as traders had expected.

They also said then the company had cancelled a tender to buy 180,000 tonnes of gasoline.

The Ruwais plant, the largest in the UAE, is run by Takreer, Aadnoc’s refining unit.

The planned shutdown of gasoline-making reformer and isomeriser units could lead Adnoc to import 150,000 tonnes of gasolined.

Gasoline markets have struggled against oversupply this summer as cargoes initially destined for Iran were diverted following new rounds of sanctions imposed by the United States and the European Union.

Planned and unplanned refinery shutdowns in the Middle East provided a modest boost for gasoline, but still left the market oversupplied.

 

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