Italy’s Eni S.p.A. announced a strategic partnership with Saudi-based Advanced International Lubricants Company (Adinlube) to blend, distribute, sell and market Eni lubricants in Saudi Arabia. Adinlube is owned by the Al Amoudi Group.
The signing ceremony took place at the Park Hyatt Jeddah between Eni Lubricants Business Unit and Special Products Senior Vice President Luca Arcangeli and President of Advanced International Lubricants Co. Mamdooh Al Rukhimi.
“The agreement is a milestone for Eni and Al Amoudi Group represented by Naft Services as the Saudi market is one of the biggest markets for lubricants and offers strong growth opportunities. Building on our success and expertise in Saudi Arabia and the greater MENA region, we are confident that we will continue with the same success in the Saudi market,” said Al Rukhimi.
“We have ambitious expansion plans and hopefully we will have our first two service centers operational, in Jeddah and Dammam which are in their final development stages. And, we are striving to open five centers before year-end,” he added.
Arcangeli said “That joining hands with Adinlube provides us with a strong opportunity to further expand our businesses in the MENA region and offer our customers a wholesome experience and high tech lubricants that suit wide varieties of engines, equipment and other industrial applications.”
Eni is an integrated oil company that operates across the entire energy chain, employing some 29,000 people in more than 60 countries around the world. Scientific research and technological innovation are at the heart of its strategies for sustainable development. It owns and operates around 6,000 fuel retail outlets in Europe.