Enoc, India’s IOC partner to expand marine offerings

DUBAI / WAM

Enoc Group has announced a strategic alliance with Indian Oil Company (IOC) the largest commercial oil and gas company in India worth $63 billion, in a joint effort to expand its global footprint while building on IOC’s research and development infrastructure to mitigate future manufacturing challenges.
The Enoc-IOC partnership includes research and development efforts, to jointly develop cylinder oil compliant to the Sulphur cap of 0.5 percent from the current 3.5 percent. The environmental impact of these efforts on ocean transportation will have technical, operational and commercial consequences.
The agreement will also enable ENOC to expand its presence to over 180 ports in 28 countries to provide its customers with high-end marine lubricants and technical services.
Commenting on the partnership, Saif Humaid Al Falasi, Group CEO of ENOC, said, “The marine oil industry is becoming more eco-conscious as international regulators set standards to control air pollution from ships.”