Wednesday, Jun 30, 2010
DUBAI (Zawya Dow Jones)--ENOC Lubricants, a division of ENOC International Sales LLC, said Wednesday it signed a lubricant supply agreement with Galana Oil Kenya Ltd to distribute its range of products in Kenya.
Under the agreement Galana Oil Company will stock and distribute the full range of ENOC lubricants products from synthetic engine oils, automotive lubricants and greases to industrial lubricants such as hydraulic oils, gear oils, compressor oils and other specialized products.
"Our expansion to Kenya through the supply agreement is part of our long term strategy to expand and distribute our products in the African region and beyond," said Saeed Abdullah Khoory, ENOC Group chief executive, in an emailed statement.
With a population of 37 million, Kenya is one of the biggest markets for lubricants and offers strong growth opportunities for ENOC. Kenya's lubricants market is worth around over 40 million liters a year and represents over 60% of the East African market.
-By Tahani Karrar-Lewsley, Dow Jones Newswires; +9714 446-1692; Tahani.Karrar@dowjones.com
Copyright (c) 2010 Dow Jones & Company, Inc.
(END) Dow Jones Newswires
30-06-10 1051GMT
