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bu Dhabi National Oil Company (ADNOC) Distribution has signed an agreement with Hindustan Petroleum Corporation Limited (HPCL), one of India’s lubricant marketers and fuel retailing companies. The agreement highlights the mutual intent of both companies to explore avenues for expanding their respective international lubricants and allied products businesses in the United Arab Emirates (UAE), India and other potential markets.
ADNOC Distribution aims to enter the Indian market and gain access to HPCL’s network of over 28,000 retail stations. This agreement establishes a framework for both companies: to foster mutually beneficial cross-border business synergies, leveraging their respective local market capabilities and infrastructure, as they enhance the efficiency of their overseas lubricant operations, including the supply of lubricants and access to key logistical and marketing support services. Eng. Bader Saeed Al Lamki, CEO of ADNOC Distribution, said: “This agreement demonstrates our strategic approach to collaborating with leading partners worldwide. With HPCL’s robust performance record spanning over a century, we aim to establish a strong presence in India, one of the world’s largest and rapidly growing markets. Today’s announcement marks another significant milestone in ADNOC Distribution’s international expansion journey as we strive to enhance our position in key lubricant markets worldwide.”
Sanjay Kumar, Executive Director & Head of Lubes SBU, HPCL Middle East FZCO, said: “We are excited to embark on this journey with ADNOC Distribution. They are the perfect partner for us to build our alliance, as their production and marketing capabilities will be instrumental in expanding our business and footprint in the international lubricants markets.” .