he UAE’s state-run oil company Abu Dhabi National Oil Company (ADNOC) has signed a long-term sales agreement with the Indian Oil Corporation (IOC) for its high quality base oil ‘ADbase’.
Indian Oil will use the ADbase oils to manufacture high end engine oils for India’s growing automotive sector, ADNOC announced Wednesday.
“The signing of this important sales agreement with another major base oil consumer in a large and growing market is testament to the quality and reliability of ADNOC’s Group III base oil ADbase,” said Ahmad Bin Thalith, acting senior vice-president of Refined Products Sales, in ADNOC.
“We look forward to working with Indian Oil and to increasing the supply of ADbase to the Indian market, which continues to see strong demand for high quality base oil and finished lubricants,” Thalith added. Read More