Dubai – Mubasher: Emirates National Oil Company (Enoc) signed a shipping agreement with the Dubai Trading Agency (DTA) for international expansion, according to a press release.
The deal enables DTA to be a key distributor of Enoc’s marine lubricants in both local and global markets. It also allows trading up to 600,000 litres of Enoc’s lubricants annually.
“This agreement with Enoc comes at a time when oil prices are stabilising. With reports supporting a gradual rise in the near future, the medium term looks bright for the shipping and oil industry alike,” said Ali Lakhani, managing director at DTA.
Enoc has a portfolio that extends to more than 80 ports in 16 countries. Reaching over 25 markets to date, the company aims to expand in Europe and
the Far East.
