Dubai, UAE: ENOC Group has announced a strategic alliance with Indian Oil Company (IOC), the largest commercial oil and gas company in India worth US$63 billion, in a joint effort to expand its global footprint while building on IOC’s R&D infrastructure to mitigate future manufacturing challenges.

The ENOC-IOC partnership includes R&D efforts, to jointly develop cylinder oil compliant to the Sulphur cap of 0.5 percent from the current 3.5 percent. The environmental impact of these efforts on ocean transportation will have technical, operational and commercial consequences.

The agreement will also enable ENOC to expand its presence to over 180 ports in 28 countries to provide its customers with high-end marine lubricants and technical services.

His Excellency Saif Humaid Al Falasi, Group CEO, ENOC, said: “The marine oil industry is becoming more eco-conscious as international regulators set standards to control air pollution from ships. With tighter restrictions in designated emission control, ship owners, marine oil manufacturers and suppliers need to work together to ensure greater quality control. ENOC’s alliance with one of the world’s biggest oil and gas companies, IOC, will help mitigate these environmental risks through world-class research & development and manufacturing that meets the IMO standards.”

With the approaching International Maritime Organization (IMO) global Sulphur deadline in January 2020, ship owners are racing to become compliant within the next year. The aim is to reduce the Sulphur contents currently present in oil used to fuel ships to reduce the impact of pollution on populations living close to ports and coasts specifically.

The partnership will also enable ENOC to obtain approvals from existing manufacturers in the Indian Subcontinent more swiftly, through IOC’s R&D centre – which is sought to be one of the largest centres in Asia.

The ENOC Group-IOC alliance is one of biggest collaborations within the marine lubricant industry with both entities within the sector jointly offering greater value proposition for its customers.

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About ENOC Group:

ENOC Group (Emirates National Oil Company) is a leading integrated international oil and gas player operating across the energy sector value chain. As a wholly owned entity of the Government of Dubai, and integral to the Emirate’s success, ENOC owns and operates assets in the fields of exploration & production, supply & operations, terminals, fuel retail, aviation fuel and petroleum products for commercial & industrial use. The Group’s general business operations includes automotive services, non-fuel F&B retail and fabrication services. Servicing thousands of customers in over 60 markets, the Group employs a multi-national workforce of over 11,000 employees and is deploying its world-class customer service, latest innovations and technologies and best practices to empower the UAE’s social and economic development. For further information, please visit: www.enoc.com

For further information, please contact:

Rawan Al Hosban | Navin Rochiramani

ASDA’A BCW

+9714 4507600

rawan.alhosban@bcw-global.com | navin.rochiramani@bcw-global.com

© Press Release 2019

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