Trafigura to sell ADNOC base oils in Latin America
Trafigura Group Pte. Ltd., a Singaporean-based Swiss multinational commodity trading company, has been appointed by Abu Dhabi National Oil Company (ADNOC) to sell its Group III base oils in Latin America. ADNOC is a leading diversified energy and petrochemicals group wholly owned by the Emirate of Abu Dhabi.
The company produces 700,000 metric tons of Group II and Group III base oils.
ADNOC operates the world’s fourth-largest single-site refinery in the town of Ruwais in Abu Dhabi’s Al Dhafra region. The company supplies more than 40 million tons of refined products globally.
In 2017, ADNOC signed an exclusive agreement with Penthol in May 2017 to sell its Group III base oils in the US. Adnoc appointed Switzerland-based trading and distribution company Chemlube as the exclusive seller of its Group III base oils in Europe and signed an exclusive agreement with Xiamen Sinolook Oil in China.