Abu Dhabi National Oil Co (ADNOC) is seeking a total of 316,000 tonnes of gasoline for shipment in May and June to help make up for a shortfall in its own production following a fire in January at its Ruwais refinery, traders said.
The volumes sought comprise 10 cargoes of 95-octane grade, of which two are due to be delivered in May and June respectively to Ruwais.
ADNOC will lift the remaining eight cargoes, four in May and the remaining in June, from sellers and may supply them to other parts of the United Arab Emirates (UAE), a trader said.
No one at ADNOC was immediately available for comment.
This is ADNOC’s second purchase tender after it bought over 200,000 tonnes of gasoline for shipment in March and April.
Although ADNOC has restarted a crude distillation unit (CDU) following the fire, a gasoline unit has remained offline and traders are not expecting it to resume operations in the first half of 2017.
Source: Reuters (Reporting by Seng Li Peng in Singapore and Rania El Gamal in Dubai)