ABU DHABI / Emirates Business
The Abu Dhabi National Oil Company (ADNOC) announced that it has signed an exclusive agreement with Penthol, a global organization in the supply and distribution of oil products and petrochemicals, appointing them as exclusive seller of ADNOC’s Group III base oil into the United States of America (USA).
In line with its strategy to maximise value from its refining and petrochemical business, ADNOC produces up to 500,000 metric tonnes per year of high quality Group III base oil through the Abu Dhabi Oil Refining Company (Takreer), an ADNOC Group Company. Group III base oils are typically used to manufacture top tier, high performance, engine oils.
Abdulla Salem Al Dhaheri, Marketing, Sales and Trading Director at ADNOC said: “We are focused on achieving the best commercial value from our crude and petroleum products, through innovative and competitive marketing strategies and the expansion of our client base. Our Group III base oil uses Murban, Abu Dhabi’s light, sweet crude oil, as feedstock, setting new standards for quality and consistency.”
“Tighter emissions regulations are driving the use of high performance lubricants in transportation. This is in turn driving up the demand for Group III base oils, which deliver improved
performance and increased fuel economy. We aim to capitalise
on ADNOC’s long-established reputation for high quality products to market ADNOC base oil
to leading lubricant makers
in the USA, and worldwide,” said Al Dhaheri.