ENOC signs aviation fuel supply agreement with Indian Oil Corporation
Emirates National Oil Company (ENOC) signed an aviation fuel supply agreement with state-owned Indian Oil Corporation, which will see the Dubai-based firm supply 34 Indian airports. The two companies are also collaborating in the marine lubricants sector. Enoc and IOC are undertaking research in low-sulphur cylinder oil compliant with International Maritime Organisation regulations. Middle East energy firms have increasingly begun to eye the Indian product market, with Abu Dhabi National Oil Company and Saudi Aramco, for instance, looking to jointly develop a USD70bn refining and chemicals complex with a consortium of domestic state-backed refiners.
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