Emirates National Oil Company Group (ENOC) on Wednesday (19 August) announced a partnership with Dynamic Fuels where the latter will become the official distributor of ENOC’s marine lubricants in Spain.
The group said the agreement comes as part of its plans to bolster its international presence to cater to the needs of its international customers.
Under the agreement, Dynamic Fuels will market and distribute ENOC’s wide range of marine lubricants’ product portfolio in Spain, specifically in the ports of Las Palmas, Gibraltar and Algeciras, the largest in Spain.
With this collaboration, ENOC said it will have the capabilities to offer its marine lubricants portfolio, and further expand its presence internationally to achieve plans to reach customers in over 900 ports.
Dynamic Fuels will also have easy access to ENOC Group’s highly skilled technical expertise in the marine sector, it added.
“Maritime and shipping sectors in Europe are crucial for the growth and success of its trade operations, contributing significantly to its GDP and employment rates,” said His Excellency Saif Humaid Al Falasi, Group CEO, ENOC.
“The ports of Algeciras, Las Palmas and Gibraltar are transhipment hubs that provide convenient access throughout the greater Mediterranean region and connect with distant ports in America and the Far East region, providing more coverage and reach for our products globally.”
ENOC noted its marine lubricants are customised for all vessel types. With the International Maritime (IMO) 2020 regulations requiring 0.5% emissions from marine vessels, ENOC added it sees further growth for its high-end lubricants in the region.
“With this Agreement Dynamic Fuels gives a step ahead in the strategy of continuous growth and improvement of the services provided to our clients,” said Adrián Solares, General Manager from Dynamic Fuels.
“Starting this important project with ENOC not only will increase the service we can provide to our clients but will help us strengthen the presence of our partners in two of the main Bunker and Husbandry hubs in the world as Gibraltar Strait and Canary Islands”.
Photo credit: ENOC Group
Published: 20 August, 2020
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