The United Arab Emirates and Kuwait have boosted naphtha exports to Asia in recent months via ship-to-ship (STS) transfers outside the Strait of Hormuz, helping Asian petrochemical producers to increase output, traders
The United Arab Emirates and Kuwait have boosted naphtha exports to Asia in recent months via ship-to-ship (STS) transfers outside the Strait of Hormuz, helping Asian petrochemical producers to increase output, traders and analysts said.
Abu Dhabi National Oil Company (ADNOC) and Kuwait Petroleum Corp (KPC), which accounted for nearly half of Gulf exports before the Iran war, shipped almost 1.6 million metric tons, or about 14 million barrels, of naphtha in August and September, according to shipping data from trade sources.
That compared with around 700,000 tons in March and April, when the US-Iran war upended trade flows.
Both companies exported about 5 million tons combined in August and September 2025, mostly to Asia, Kpler data showed.
"Direct loadings of naphtha from Fujairah comprising re-exports via sea — from Iraq, Ruwais, and Hamriyah — and breakbulk trucked naphtha from other UAE ports have picked up substantially," said Armaan Ashraf, director of natural gas liquids and Asia oil at consultancy FGE NexantECA, referring to smaller quantities transported by road from other UAE ports to Fujairah for export.
ADNOC Maritime International Chartering loaded about 1.5 million tons of naphtha onto 25 vessels in August and September for STS transfers off Sohar,
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