ADNOC Distribution, India’s HPCL sign lubricants agreement
Deal paves way for ADNOC Distribution to tap into over 28,000 retail stations in India
Abu Dhabi: ADNOC Distribution has signed an agreement with India’s Hindustan Petroleum Corporation Limited (HPCL) to explore avenues for expanding their respective international lubricants and allied products businesses in the UAE, India and other potential markets.
With an annual demand of three billion litres, India is among the world’s most significant markets for lubricants. ADNOC Distribution aims to enter this market, gaining access to a vast network of over 28,000 retail stations.
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 offering, as their production and marketing capabilities will be instrumental in expanding our business and footprint in the international lubricants’ markets.”