Tuesday, September 1, 2015

UAE Stops buying Petroleum Naphtha from Pakistan

In a recent development, UAE has stopped buying Petroleum Naphtha from Pakistan - a step which is being viewed by many as a new trend in the emerging relations of the Gulf State with India.

It may be added that Pakistan was a big exporter of Petroleum Naphtha fro many years and this step by UAE has badly damaged the Petroleum Naphtha production in Pakistan and its export.

The reason for this big decision by UAE may cast dark shadows on the relations between Pakistan and UAE - while it will boost UAE trade with India after signing of a $80 billion trade pact.

It may be added that Petroleum naphtha is an intermediate hydrocarbon liquid stream derived from the refining of crude oil.

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