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ADNOC Setting Up New Trading Unit for Crude, Refined Products

Source: Reuters 4/23/2018, Location: Middle East

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Abu Dhabi National Oil Company (ADNOC) was setting up a new trading unit for its crude oil and refined products. The unit will be part of ADNOC’s Marketing, Sales and Trading Directorate, the company said in a statement.

“The unit will introduce and manage non-speculative trading to further maximize value from every barrel of crude oil and refined product that is produced and marketed by the company,” ADNOC said.

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