ABU DHABI  - Abu Dhabi National Oil Company (ADNOC) said on Monday that it 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.

(Reporting by Rania El Gamal) ((Saeed.Azhar@thomsonreuters.com; +971 44536787; Reuters Messaging: saeed.azhar.reuters.com@reuters.net))