Lukoil Marine Lubricants signs deal with Oman Shipping Company

Lukoil Marine Lubricants Middle East has signed a three-year contract with Oman Shipping Company (OSC). Under the agreement, Russia’s Lukoil will supply lubricants covering OSC’s fleet of 39 vessels consisting of very large crude carriers (VLCC), product tankers, chemical tankers, LPG Carriers, very large ore carriers (VLOCs) and bulk carriers.

The agreement comes with an option for an additional two years. The two companies have worked together since 2014.

“Although we specialize in the production and marketing of marine lubricants, we also pride ourselves in serving our clients to the utmost standard and in this case, we are excited to see that our efforts have been appreciated. Oman Shipping Company has shown great trust in allowing us to continue supplying their vessels,” said June Manoharan, director of Lukoil Marine Lubricants.

“Our business relationship first began five years ago and since then it has blossomed through trust and respect into a solid partnership which has proved to be beneficial for both companies,” said David Stockley, COO of OSC.

“As we move forward, we are eager to develop our relationship even further in the next five years,” he said.

A closed joint stock company, OSC is owned by the Governorate of the Sultanate of Oman through Asyad Group (Oman Global Logistics Group) (79.9%), Oman Oil Company (20%) and Oman Rail (0.01%).