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Adnoc appoints Swiss firm to sell its oil products in Europe

Switzerland-based Chemlube SA has been appointed as an exclusive seller of Group III base oil product in Europe for Abu Dhabi National Oil Company (Adnoc), it was announced on Thursday. Adnoc has put in place a strategy to maximise value from its downstream refining and petrochemical operations to increase its business.

An agreement in this regard was signed by Abdullah Salem Al Daheri, Marketing, Sales and Trading Director at Adnoc and Robert Nobel, Managing Director of Chemlube SA on the side lines of the 22nd ICIS World Base Oils and Lubricants Conference in London.
Adnoc Refining, a subsidiary of Adnoc produces up to 500,000 metric tonnes 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.

ADbase, the new Adnoc base oil brand was also launched during the event.
In a statement on Thursday, Al Daheri 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. “We aim to capitalise on Adnoc’s long-established reputation for providing high quality products and our status as a reliable customer-focused supplier. We look forward to working with Chemlube SA to deliver our high-quality product into European lubricants’ markets, where demand for high performance Group III base oils is expanding.”
Murban, Abu Dhabi’s light, high paraffinic crude is the only source of feedstock for Adnoc’s Base Oil plant in Ruwais, which has a high viscosity index for using in high performance engines. The product also meets environmental regulations.

Source: Gulf News

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