ADNOC to Visit South Korean Refiners.Summary: SEOUL - South Korea's SK Energy said on Tuesday that Abu Dhabi Abu Dhabi (ä`b  thä`bē, zä–, dä–), Arab. Abu Zabi, sheikhdom (1995 pop. 928,360), c. National Oil Company, or ADNOC ADNOC Abu Dhabi National Oil Company , will meet South Korean
refiners this week, a rare visit by the Middle Eastern crude supplier
which has term supply contracts with most of them.
Some market sources said the visit was aimed at adjusting the volume crude supplies with SK Energy, GS Caltex and Hyundai Oilbank, while others said it was just a courtesy visit. "ADNOC is to visit us tomorrow... various issues could be raised but there isn't a specific topic set for the meeting," said a spokesman for SK Energy when asked if ADNOC could request to supply more crude to the country's top refiner re·fine v. re·fined, re·fin·ing, re·fines v.tr. 1. To reduce to a pure state; purify. 2. To remove by purifying. 3. . SK Energy receives about 34 million barrels of crude per year from ADNOC, less than 10 percent of its total crude oil imports. Copyright 2009 Khaleej Times The Khaleej Times is a daily English language newspaper published in Dubai, United Arab Emirates. It is published by Galadari Printing and Publishing L.L.C. with the Gulf News being its main competitor. . All Rights Reserved. Provided by Syndigate.info an Albawaba.com company |
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