Emirates National Oil Company Group (Enoc) recently signed an agreement with Germany’s Baluco, an international marine bunkers and lubricants consulting company, for the latter to become a distributor of Enoc’s marine lubricants in Germany, the Netherlands and Belgium.
The deal was signed at SMM, an international maritime trade fair, held in Hamburg, said report.
Saif Humaid Al Falasi, group chief executive officer, Enoc, said that over the decades, the company has established a strong presence across local and international markets for the lubricants business.
He added that Enoc’s global marine lubricants operations currently span across key European markets, enabling the company to offer its customers a diverse portfolio of lubricants and greases across commercial, industrial and marine applications.
Al Falasi noted that the agreement with Baluco is an added milestone to its continued growth, and will reiterate the company’s strategy of expanding best-in-class services to customers overseas, which will contribute to the overall growth of the international maritime and shipping sector.