Abu Dhabi National Oil Company (ADNOC), announced that it has signed an Exclusive Seller Agreement with China’s Xiamen Sinolook Oil Co, according the Emirates News Agency (WAM) report.
The agreement, signed at the 24th World Base Oils and Lubricants Conference in London, stipulates that Xiamen Sinolook Oil will be an exclusive seller of ADNOC’s Group III base oil (Adbase) into China, a growing and important market to ADNOC.
Fatima Al Mutawa ADNOC’s Senior Vice President, Market Research & Production Planning, said that “The signing of this Exclusive Seller Agreement further develops our presence in China and marks another milestone for our premium base oil, ADbase. This exclusive agreement further highlights ADNOC’s long-established reputation for delivering the highest quality products and service to our customers.”
Qingchun Lin, General Manager, Xiamen Sinolook Oil, commented: “This Exclusive Seller Agreement builds on five years of importing ADNOC Group III base oils, supplying over 300 end-user customers throughout China. Xiamen Sinolook and ADNOC recognise that the quality and reliability of ADbase, which will play an important role in meeting the growing demand of the Chinese market for high-quality Group III base oils.”