Lukoil Marine Lubricants Middle East, a subsidiary of the Russian Lukoil Oil Company based in the UAE, has entered into a three-year contract with Oman Shipping Company (OSC)
The deal provides OSC with the option of extending the partnership for an additional two years to ultimately bring the agreement to a total of five years, provided that the company finds Lukoil's supply services satisfactory.
In accordance with the contractual obligations, Lukoil’s supply shall cover the OSC 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.
David Stockley, chief operations officer of OSC, said, “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.”
Ibrahim Bakhit Al Nadhairi, technical director of OSC, added, “From a technical standpoint, Oman Shipping Company continually seeks out new methods of optimising 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. 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, “This 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. Oman Shipping Company has shown great trust in allowing us to continue supplying their vessels.”
