MOSCOW (MRC) -- Abu Dhabi National Oil Company (ADNOC) concluded a significant long-term sales agreement with the Xiamen Sinolook Oil Co. Ltd., of China, for its high-quality base oil, ADbase, reported Reuters with reference to the company's statement.
ADNOC Refining, an ADNOC subsidiary, produces up to 500,000 metric tons 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.
As MRC informed before, in September 2018, ADNOC Refining, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), reached full production of polymer-grade propylene from its newly commissioned Propane Dehydrogenation (PDH) unit, located in the Ruwais integrated refining and petrochemical hub. The PDH unit processes propane from two major sources, ADNOC Gas Processing and Ruwais Refinery West, to produce half a million tons per year of polymer-grade propylene. The standalone unit is part of the recently commissioned Carbon Black and Delayed Coker project.