Talks are underway with units of Thailand's PTT for a stake that would pair equity with crude supply contracts, giving ADNOC offtake rights to fuels produced at the facilities for resale into the regional market. A deal could materialize before the end of the year, sources said.
South Korea’s LG Chem is set to halt its No. 1 naphtha-fed steam cracker in Yeosu for a planned maintenance turnaround from the second half of October, deepening operational retrenchment across the domestic petrochemical sector.