EPPCO Lubricants, a joint venture (JV) between Emirates National Oil Company (ENOC) and Chevron Al Khaleej, signed a memorandum of understanding (MoU) with Al-Futtaim Auto and Machinery Company (FAMCO), the Gulf Cooperation Council (GCC)’s largest construction and commercial vehicle distributor.
The three-year MoU aims to exclusively supply lubricants, coolants, and greases for EPPCO’s operations in the United Arab Emirates (UAE), ENOC said in a statement.
“The growth of the manufacturing sector is resulting in a rise in demand within the automotive, industrial, and marine lubricant markets. Our strategic partnership with FAMCO will contribute to meet current market requirements,” Saif Al Falasi, ENOC CEO said.
EPPCO plans to supply around 22,500 barrels which is equivalent to 3.577 million liters of the products over the upcoming three years.
“We at Famco are looking forward to working together with ENOC to bring all new range of lubricants to our customers to maximize construction and commercial vehicle uptime and minimize cost of ownership,” Nigel Johnson, Senior Managing Director of FAMCO commented, adding that under the MoU, both entities will jointly explore mutual areas of interest and future opportunities.