The Abu Dhabi National Oil Company is going to sell its ADbase product with Chemlube
The Abu Dhabi National Oil Company (Adnoc) has announced it has signed an agreement with Chemlube, appointing the Switzerland-based company as the exclusive seller of its Group III Base Oil product in Europe.
In line with its strategy to maximise value from its downstream refining and petrochemical operations, Adnoc Refining, an Adnoc subsidiary, produces up to 500,000 metric tonnes a-year of Group III base oil, at its Ruwais refining and petrochemicals complex.
Group III base oils are typically used to manufacture top tier, high performance, engine oils.
The signing of the Europe Base Oil sales agreement follows a similar agreement with Penthol, a global organisation in the supply and distribution of oil products and petrochemicals, which was appointed in May 2017 as exclusive seller of Adnoc’s Group III base oil in the US.
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