Posted On: 29-08-2019
The UAE-based energy group Emirates National Oil Company (ENOC) has signed a memorandum of understanding (MoU) with Greek bunker trader IMS Oil Trading to supply marine lubricants for up to sixteen product tankers. Lubricants will be delivered at IMS Oil’s Fujairah and Singapore ports. As informed, the partnership expands ENOC’s marine lubricants supply network to over 110 ports in 23 countries. “We continuously aspire to further expand our local, regional and international presence… Our agreement with IMS Oil trading Ltd, marks a bold move to expand our operations,” Saif Humaid Al Falasi, Group Chief Executive Officer of ENOC, commented. ENOC Group supplies lubricants to a wide range of marine vessels such as offshore supply boats, container vessels, tankers, naval and coastguard ships, using a network of transport options including road tanker trucks and pipelines. In February this year, ENOC announced a strategic alliance with Indian Oil Company (IOC). The partnership includes R&D efforts aiming at jointly developing cylinder oil compliant to the IMO sulphur cap 2020.