Dubai’s ENOC group has signed an agreement with Greece’s IMS Oil to exclusively supply lubricants for up to 16 product tankers, it announced on Wednesday.
The deal is for tankers based at IMS Oil’s Fujairah and Singapore ports.
The partnership expands ENOC’s marine lubricants supply network to over 110 ports in 23 countries worldwide, a statement said.
ENOC currently supplies lubricants to marine vessels such as offshore supply boats, container liners, tankers, Navy and Coastguard ships, using a network of transport options including road tanker trucks and pipelines.
It also provides a portfolio of lubricants and greases that are designed for applications in many sectors including, industrial, marine, heavy duty diesel engines and commercial use.
Saif Humaid Al Falasi, group CEO of ENOC, said: “We continuously aspire to further expand our local, regional and international presence. Our agreement with IMS Oil trading marks a bold move to expand our operations.”
ENOC, owned by the Dubai government, has been diversifying its operations globally.
Earlier this year, ENOC acquired a share in the jet fuel hydrant system at Terminal 2 of Cairo International airport, expanding its aviation operations in Egypt.