The Emirates National Oil Company (ENOC) has entered a partnership with Indian Oil Company (IOC) to increase its global footprint as well as building on IOC’s R&D infrastructure to mitigate future manufacturing challenges, ENOC announced on February 20.
The partnership will work on developing cylinder oil compliant to the sulphur cap of 0.5% from the current 3.5%, which will have an environmental impact on ocean transportation.
“ENOC’s alliance with one of the world’s biggest oil and gas companies, IOC, will help mitigate these environmental risks through world-class research & development, and manufacturing that meets the IMO standards,” Saif Al Falasi ENOC CEO said.
Under the agreement, ENOC will have the ability to expand in more than 180 ports in 28 countries to provide its customers with high-end marine lubricants and technical services.
The ENOC-IOC alliance is one of biggest collaborations within the marine lubricant industry.