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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.

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