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Dubai: Lukoil Marine Lubricants Middle East, the subsidiary of Russia’s Lukoil Oil Company and located in the UAE, has inked a guaranteed three-year contract with Oman Shipping Company (OSC). The recent signing took place at the Amwaj Rotana in Jumeirah Beach Residence and the parties involved in the signing of the agreement was June Manoharan, Director, Lukoil Marine Lubricants and Ibrahim Bakhit Al Nadhairi, Technical Director, Oman Shipping Company.
The deal provides OSC the option of extending the partnership an additional two years to ultimately bring the agreement to a total of five years, granted the company finds Lukoil’s supply services satisfactory. As per the contractual obligations, Lukoil’s supply shall cover OSC’s fleet of 39 vessels consisting of Very Large Crude Carriers (VLCC), Product Tankers, Chemical Tankers, LPG Carriers, Very Large Ore Carriers (VLOCs) and Bulk Carriers.
Also in attendance was Capt. David Stockley, Chief Operations Officer of Oman Shipping Company, who when asked about the decision behind partnering with Lukoil clarified by saying, “Our business relationship first began five years ago and since then it has blossomed through trust and respect into a solid partnership which has proved to be beneficial for both companies. From the moment we partnered in 2014, Lukoil Marine Lubricants has demonstrated extreme professionalism through repeatedly providing Oman Shipping Company with reliable products and services, a major factor which swayed our decision of rightfully awarding them this contract. As we move forward, we are eager to develop our relationship even further in the next five years.”
Efficient solutions for optimizing operations
Ibrahim Bakhit Al Nadhairi, Technical Director of Oman Shipping Company voiced an echoing sentiment as he added, “From a technical standpoint, Oman Shipping Company continually seeks out new methods of optimizing our operations and with the assistance of Lukoil Marine Lubricants, we have been able to increase savings as it pertains to both maintenance and lube oil. Lukoil has exhibited outstanding operational and technical service and supported our company’s global vision with their firmly established expertise in lubricant technology. This agreement comes at an opportune time as we seek to find alternative ways of elevating the status of our fleet’s reputation with 2020 just around the corner.”
June Manoharan, Director of Lukoil Marine Lubricants elaborated as she stated, “Today is a momentous day for our company as we have successfully reached an agreement to continue building upon our long-term relationship with Oman Shipping Company with the intent of heightening their already reputable fleet. Although we specialize in the production and marketing of marine lubricants, we also pride ourselves in serving our clients to the utmost standard and in this case, we are excited to see that our efforts have been appreciated. Oman Shipping Company has shown great trust in allowing us to continue supplying their vessels.”
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About LUKOIL and LUKOIL Marine Lubricants:
LUKOIL is the leading Russian company in oil exploration, production and refining, as well as marketing of petroleum products. In 2007, its subsidiary LUKOIL Lubricants Company, which is the largest manufacturer of oils and greases in Russia, decided to bring this expertise in lubricants technology to the marine industry. LUKOIL Marine Lubricants was founded as a global sales and marketing business focusing on the production and sales of marine lubricants worldwide. Since then the company already positioned itself as technology leader with the introduction of the first 100 BN cylinder oil as the answer to severe corrosive wear issues of modern engines and the development of iCOlube®, an on-board unit for intelligent cylinder oil lubrication.
About Oman Shipping Company:
Established in 2003, Oman Shipping Company SAOC (OSC) grew out of the Omani government’s vision to develop a national fleet catering to the maritime transportation requirements of the country’s rapidly growing hydrocarbon, petrochemical, mining and metallurgical industries. Initially focused on the transportation of domestically produced liquefied natural gas (LNG) cargoes to international markets, OSC’s fleet has evolved to include Very Large Crude Carriers (VLCCs), Product Tankers, Chemical Tankers, LPG Carriers Very Large Ore Carriers (VLOCs), Bulk Carriers, multi-purpose vessels and, lately, a containership as well. Today, with a well-diversified fleet of 49 modern vessels (owned and chartered-in), OSC is unquestionably the nation’s shipping transportation services provider of choice. Its business investments and growth strategy are closely aligned with the strategic maritime transportation interests of the Sultanate’s rapidly industrializing economy.
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