The Pak Banker

AD Ports Group inks pact with Adnoc Distributi­on

- DUBAI -REUTERS

AD Ports Group has announced that its ports cluster is expanding its business remit to the global distributi­on of marine lubricants.

The announceme­nt came following a strategic agreement inked with Adnoc Distributi­on, the UAE’s leading manufactur­er of marine and automotive lubricants.

Under the terms of the agreement, the ports cluster will leverage its connection­s and advanced infrastruc­ture to distribute high-demand, global standard lubricants, to customers in the UAE during the initial stages, which will then be broadened to encompass a global footprint of distributi­on. Both parties have agreed to jointly work on expanding the global marine lubricants market due to its significan­t importance for the shipping and maritime industries.

Commenting on the deal, Saif Al Mazrouei, CEO – ports cluster, AD Ports Group, said: “This agreement will see two major global corporatio­ns, with vast expertise in their respective fields, creating new opportunit­ies within the marine lubricants market.

The distributi­on solutions offered by the Ports Cluster, which now owns or operates 24 terminals globally, adds tremendous value to our partners and stakeholde­rs. This collaborat­ion underscore­s our commitment to delivering unparallel­ed value to our customers worldwide.”

Bader Saeed Al Lamki, CEO, Adnoc Distributi­on, said: “As a leading manufactur­er of marine, industrial and automotive lubricants in the UAE, Adnoc Distributi­on offers an extensive range of lubricant products that perform in any environmen­t.

By signing a strategic agreement with the Ports Cluster, part of AD Ports Group, we are further expanding the distributi­on base for our products, gaining access to over 70 internatio­nal destinatio­ns to provide the highest quality lubricants, and facilitati­ng a consistent and trusted supply for our valued customers.”

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