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Thursday, October 1, 2026 14:37 GMT
The 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 Kuwait Petroleum Corp (KPC), which accounted for nearly half of Persian Gulf exports before the Iran war, shipped almost 1.6 million metric tons, or about 14 million barrels, of naphtha in August and September,...More