Misr Petroleum to blend lubricants for ENOC lube JV in Egypt
ENOC Misr, a joint venture between Proserv.Egypt and the UAE’s Emirates National Oil Company (ENOC), has signed an agreement with Misr Petroleum to blend lubricants at Misr Petroleum’s lube plant in Alexandria, Egypt. The three-year agreement will contribute to significant operational efficiencies and ensure a continuous supply of lubricants in the country, according to ENOC.
The signing ceremony was attended by Ahmed Hashem Abouelamaim, vice chairman of the Board of Directors & Managing Director, delegate of ENOC Egypt, and Eng. Mohamed Shaaban, chairman of the Boards of Directors of Misr Petroleum.
“Our latest partnership with Misr Petroleum – for oil blending and filling operations – will support ENOC Misr to grow and expand its operations and meet the demand for lubricants. Our ability to blend lubricants locally will not only ensure seamless production and supply; but will immensely contribute to significant cost savings,” said His Excellency Saif Humaid Al Falasi, Group CEO, ENOC.
Misr Petroleum is one of Egypt’s leading manufacturer and marketer lubricants for more than 60 years. The company established the largest lube blending facility in Alexandria on an area of about 100,000 square meters in 1995 to blend and package more than 200 types of motor oils, industrial oils and specialised oils.
The lube blending plant has an annual production capacity of 150,000 to 180,000 tons.
Misr Petroleum also owns the largest oil analysis laboratory in Egypt. It owns and operates more than 1,500 service stations in Egypt.
ENOC Group owns and operates two state-of-the-art lubricant and grease manufacturing plants, located in Fujairah, and Jebel Ali Freezone (JAFZA) in the UAE.
The blending plant in Fujairah has an annual capacity of 250,000 metric tons, making it one of the largest lube blending plants in volume capacity in the Middle East.
ENOC’s lubricant products are distributed in over more than 60 markets in the Middle East, Indian Subcontinent, South & Central Asia and Africa.