ENOC Misr, the joint venture between Emirates National Oil Company (ENOC) and Proserv, Egypt Group, and Misr Petroleum Company signed an agreement for filling and blending lubricants in Egypt, the company stated.
Under the the 3-years agreement, ENOC will blend lubricant in Egypt at Misr Petroleum’s plant. This will guarantee continuous production and ensure operational efficiency.
The signing ceremony was attended by Chairman of the Board of Directors of Misr Petroleum, Mohamed Shaaban, and Vice Chairman of the Board of Directors & Managing Director, delegate of ENOC Misr, Ahmed Hashem Abouelamaim.
“The Egyptian economy has been able to mitigate the negative implications of the COVID-19 pandemic; demonstrating its agility and resilience as the country continues to drive investments in critical infrastructure and employment opportunities. These factors instil confidence to invest in projects that serve the manufacturing and industrial sectors in Egypt and bolster our presence,” ENOC Group CEO, Saif Humaid Al-Falasi, said.
“Our latest partnership with Misr Petroleum – or oil blending and filling operations – will support ENOC Misr to grow and expand its operations and meet the demand for lubricants. Our ability to blend lubricants locally will not only ensure seamless production and supply; but will immensely contribute to significant cost savings,” Al-Falasi added.