UAE's ADNOC signs new long-term agreement for base oil sales into China

02 Apr, 2019

ADNOC Refining, an ADNOC subsidiary, produces up to 500,000 metric tonnes per year of the Group III base oil, at its Ruwais refining and petrochemicals complex.

Murban, Abu Dhabi's light, high paraffinic crude, is used as feedstock for ADNOC's Base Oil plant in Ruwais.

Xiamen Sinolook Oil Co. Ltd. is one of China's biggest importers and distributors of base oils, with a 5 percent share of the 7.17 million tonnes per annum market.

Copyright Reuters, 2019

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