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Neste Oil updates the current state of ADNOC cooperation

11.9.2013

As a result of the challenging situation on the base oil market, Neste Oil will focus on improving the profitability of its Base Oil business. The planned marketing cooperation in VHVI base oil with Abu Dhabi National Oil Company (ADNOC) will not proceed as previously announced; instead, Neste Oil will look for other commercial alternatives for meeting long-term demand growth.