The Abu Dhabi National Oil Company (ADNOC) has signed an agreement with Chemlube SA, appointing it as the exclusive seller of the Group III Base Oil product in Europe
The agreement was signed during the launch of ADNOC Base Oil brand at an event 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 500,000MT 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.
Abdulla Salem Al Dhaheri, marketing, sales and trading director at ADNOC, 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.”
Joe Rousmaniere, director of business development at Chemlube and leading expert on Group III base oil markets, noted, “We are excited to be partnering with ADNOC to deliver its high quality Base Oil to our European customers. Our goal is to provide our customers with competitively priced, quality base oils and lubricants to meet their specific requirements. ADbase is the right product to meet our customers' most demanding requirements.”
The signing of the Europe Base Oil sales agreement follows a similar agreement with Penthol CV, a global organisation in the supply and distribution of oil products and petrochemicals, who were appointed as exclusive seller of ADNOC Group III base oil in the United States of America in May 2017.
Murban, Abu Dhabi’s light, high paraffinic crude is the only source of feedstock for ADNOC’s Base Oil plant in Ruwais, which aims to ensure a consistent, high quality product. It has a high Viscosity Index (VI) making it an ideal lubricant component, ensuring efficiency and fuel economy for high performance engines.
