Abu Dhabi National Oil Company (ADNOC) said it signed a deal with Swiss company Chemlube, to be its exclusive seller in Europe for its petrochemicals used to make engine oils.
ADNOC Refining, an ADNOC subsidiary, produces up to 500,000 metric tonnes per year of high quality Group III base oil, at its Ruwais refining and petrochemicals complex.
ADNOC said it also launched ADbase, the new ADNOC Base Oil brand. Group III base oils are typically used to manufacture top tier, high performance, engine oils.
“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,” said Abdulla Salem Al Dhaheri, marketing, sales and trading director at ADNOC.
Al Dhaheri said the deal will delivery ADNOC’s product into European lubricants’ markets, where demand for high performance Group III base oils is expanding.
Chemlube S.A., based in Villars-sur-Glane, Switzerland is a sister company of Harrison New York-based Chemlube International, which is an international trader and distributor of base oils. Chemlube International also blends and markets finished lubricants produced at its plant in Savannah, Georgia.
Last year in May, ADNOC signed with Penthol C.V to be its exclusive seller in U.S.A for ADNOC Group III base oil.