ENOC Group’s marine lubricants achieve 120% growth in Greek market

ENOC Group, a leading integrated global energy player, has announced a remarkable 120% growth in its marine lubricants business in Greece from 2022 to 2023. This substantial increase is attributed to multiple agreements that align with the Group’s strategic plans to expand its global presence in key marine markets.

ENOC’s marine lubricants division supplied more than 2,700 vessels worldwide in 2023, delivering more than 24 million litres of lubricants to more than 300 ports. Currently, ENOC’s Strata marine lubricants network spans 400 marine ports across 32 countries.

ENOC Group (Emirates National Oil Company) is headquartered in Dubai, United Arab Emirates.

Strategic expansion and commitment to sustainability

His Excellency Saif Humaid Al Falasi, Group CEO of ENOC, highlighted the significance of this growth: “In line with our long-term growth strategy to fulfil the growing demands for reliable, secure, and sustainable solutions internationally, we continue to focus on appointing distributors in major maritime markets including Greece, where we see strong potential to unlock opportunities. We are pleased with our growth trajectory so far and looking forward to bringing our innovative solutions to the country and wider European markets.”

Recently, ENOC Group introduced a comprehensive range of environmentally acceptable lubricants (EALs) for marine vessels, aiming to support the maritime industry’s decarbonisation efforts locally and globally. This initiative underscores ENOC’s commitment to promoting environmentally friendly lubricants within the global maritime community.

Strengthening market presence

To further solidify its position in the Greek market, ENOC Group co-hosted a technical conference with Technava, a prominent supplier of maritime equipment and technical support to the Greek shipping sector. The event showcased ENOC marine lubricants to more than 200 ship owners, dealers, and distributors, demonstrating the Group’s innovative solutions and industry leadership.

Looking ahead, ENOC Group aims to expand its global Strata marine lubricants network by adding 80 new ports by the end of 2024, enhancing its ability to meet the needs of the maritime industry worldwide.