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|18 February, 2019

ENOC Group signs JV with Proserv Egypt to establish ENOC Misr

ENOC Misr its first on-ground operations in the lubricants sector in Egypt

ENOC signs with ProServ to set up ENOC Misr

ENOC signs with ProServ to set up ENOC Misr

  • ENOC Misr – a joint venture between the Emirates National Oil Company and Proserv Egypt - will provide a variety of lubricants offerings to serve commercial, industrial and marine applications in Egypt

Dubai, United Arab Emirates: ENOC Group signed a joint venture (JV) agreement with Proserv Egypt to set up ENOC Misr, its first on-ground operations in the lubricants sector in Egypt.

The agreement marks ENOC Group’s physical presence in Egypt as part of its wider plans to expand internationally into key markets, including Africa.

Through this JV agreement, ENOC Misr will market and distribute ENOC’s full range of lubricants to the commercial, industrial and marine sectors locally in the Egyptian market.

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His Excellency Saif Humaid Al Falasi, Group CEO, ENOC, said: “Over the last 25 years, ENOC has contributed significantly to the UAE’s socio-economic progress, and has played a key role in the development of key infrastructure required to fulfill the country’s energy needs. We are proud to establish ENOC Misr as it offers a unique opportunity for knowledge sharing between us and industry experts like Proserv Egypt.”

“Over the past years, Proserv. Group and Proserv Egypt both succeeded in offering a diverse portfolio of lubricants for commercial, industrial and marine use to customers across Egypt, with the help of its highly skilled sales and marketing team. With hard work and sold planning, Proserv. has managed to establish a well-maintained and highly secured network of warehouses, best in class branded fleet, and a robust logistics infrastructure to meet customers’ needs in all 28 Egyptian governorates. Our partnership with ENOC to establish ENOC Misr is a strategic move in line with our efforts to further enhance our market offering and explore new opportunities. We are confident that ENOC Misr will be a key game changer in the future of Egyptian downstream market.” Said Ahmed Hashem, Chairman, Proserv Group.

ENOC’s product portfolio includes a diverse offering of lubricants services and products, in addition to jet fuel, liquefied petroleum gas (LPG), lubricants, bulk fuel, aviation, marine and alternative fuel such as compressed natural gas (CNG). The Group’s products are distributed in over 60 markets in the Middle East, Indian Subcontinent, South & Central Asia and Africa.

ENOC Group will also leverage its diverse product portfolio that caters to the entire energy value chain on the back of its existing lubricants and aviation fuel business in Egypt, with the potential to additionally serve other projects across key sectors in Egypt and other countries in the future.

-Ends-

About ENOC:

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 450 7600
rawan.alhosban@bcw-global.com
navin.rochiramani@bcw-global.com 

© Press Release 2019

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