UAE's ADNOC inks 10-yr LPG supply pact with China's Wanhua

11/11/2018 Argaam

 

State-run Abu Dhabi National Oil Company (ADNOC) signed a 10-year agreement with Wanhua Chemical Group under which the Chinese company will purchase up to one million metric tons of liquefied petroleum gas (LPG) annually, it said in a statement on Saturday.

 

ADNOC produces up to 10.5 million metric tons per year of LPG which is sold both locally and internationally.

 

The LPG consumption demand for Wanhua petrochemical units is estimated at up to six million tons per annum by 2021, the statement added.

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