Cairo – Mubasher: ENOC Misr inked a memorandum of understanding (MoU) with lubricant producers in Egypt to assess blending and manufacturing ENOC lubricants in the most populous Arab nation.
This agreement, which comes in line with ENOC Misr’s plans to enhance operational efficiency and ensure product availability in the North African nation, provides neighbouring countries with an alternative supply option, according to a statement on Wednesday.
ENOC Misr, a joint venture between Proserv Group and the UAE’s Emirates National Oil Company (ENOC), operates through a wide network of 40 local distributors and plans to continue its expansion across the country.
Egypt’s growing population, large refineries, and government investment strategy have lured investments in the lubricant industry in the country, Group CEO of ENOC, Saif Humaid Al Falasi, remarked.
“The decision to strengthen our local presence through the set-up of blending and manufacturing operations in Egypt demonstrates our commitment to establish key infrastructure projects needed to drive the country’s socio-economic growth,” Al Falasi noted.
ENOC Group’s products are distributed in more than 60 markets in the Middle East, Indian Subcontinent, South and Central Asia, and Africa.
