Adnoc reissues gasoline tender

Abu Dhabi National Oil Co (Adnoc) has reissued a tender to import 180,000 tonnes of gasoline as it prepares to shut two units at its 415,000 barrels per day Ruwais refinery, a trade source said on Tuesday.

The reissued tender will close on Wednesday for cargoes to be delivered from October to November, the 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 last week. They also said then the state-owned company had cancelled a tender to buy 180,000 tonnes of gasoline.

The Ruwais plant, the largest in the world's third-largest oil exporter, is run by Takreer, Adnoc's refining unit.

Gasoline markets have struggled against oversupply this summer as cargoes initially destined for Iran were diverted following new rounds of sanctions imposed by the US 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, traders said last week.

Follow Emirates 24|7 on Google News.