Gulf Oil and Gas accountACCOUNT

ADNOC Signs Agreement with Chemlube S.A. for Base Oil Sales in Europe

Source: www.gulfoilandgas.com 2/22/2018, Location: Middle East

The Abu Dhabi National Oil Company (ADNOC) has concluded an exclusive agreement with Chemlube S.A., appointing the Switzerland based company as the exclusive seller of its Group III Base Oil product in Europe.

The agreement was signed by Abdulla Salem Al Dhaheri, Marketing, Sales and Trading Director at ADNOC and Robert Nobel, Managing Director of Chemlube SA. Following the signing ceremony, ADbase, the new ADNOC Base Oil brand was officially launched at a gala event, held at the Shakespeare Globe Theatre, in London.

The launch event was held on the side lines of the 22nd ICIS World Base Oils and Lubricants Conference, the world’s largest base oil conference, and a unique forum which brings together more than 600 specialists from across the globe and from different parts of the lubricants value chain.

In line with its strategy to maximise value from its Downstream refining and petrochemical operations, ADNOC Refining, an ADNOC subsidiary, produces up to 500,000 metric tonnes per year of high quality Group III base oil, at its Ruwais refining and petrochemicals complex. Group III base oils are typically used to manufacture top tier, high performance, engine oils.

Al Dhaheri said: “The signing of the European sales agreement and the launch of the ADbase brand underline ADNOC’s commitment to achieving the best commercial value from its crude and petroleum products, through innovative and competitive marketing strategies, expansion of our client base and penetration of new markets.

Oil News in United Arab Emirates >>

Qatar >>  8/15/2019 - Seadrill Limited (Seadrill) refers to the announcements made on May 1, 2019 in connection with the award of drilling contracts by Qatar Petroleum to ...
Oman >>  7/31/2019 - BP and Eni have signed an exploration and production sharing agreement (EPSA) for Block 77 in central Oman with the Ministry of Oil and Gas of the Sul...

United Arab Emirates >>  7/31/2019 - OMV, the international integrated oil and gas company based in Vienna, and ADNOC, the Abu Dhabi National Oil Company, closed the strategic equity part...
United Arab Emirates >>  7/29/2019 - National Petroleum Construction Company (NPCC), in conjunction with its joint venture (JV) partner Petrofac, has secured a new contract with Al Yasat ...

Iraq >>  7/28/2019 - Dana Gas PJSC, the Middle East's largest private sector natural gas company, announces that its share of the proved plus probable (2P) hydrocarbon res...
Qatar >>  7/26/2019 - Jack-up drilling rigs "HAKURYU-10" and "HAKURYU-12", both operated by JDC's subsidiary company "Japan Drilling (Netherlands) B.V." at Al-Shaheen Oil F...

Related Categories: Coal  Electricity  General  Natural Gas  Oil 

Related Articles: Coal  Electricity  General  Natural Gas  Oil 


United Arab Emirates Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.