The Energy Convergence - GineersNow The Energy Convergence - GineersNow | Page 34

ADNOC Signs Exclusive Agreement
with Penthol for Group III Base Oil Sales
into the United States of America
The Abu Dhabi National Oil Company (ADNOC)
announced that it has signed an exclusive
agreement with Penthol, a global organization in
the supply and distribution of oil products and
petrochemicals, appointing them as exclusive
seller of ADNOC’s Group III base oil into the
United States of America (USA). new ADNOC plant in June 2016, and we have
been exceptionally pleased with the quality
and consistency of the product we have
received since. We look forward to expanding
our relationship with ADNOC and to delivering
greater volumes of Group III base oil to
customers in the USA.”
In line with its strategy to maximise value from
its refining and petrochemical business, ADNOC
produces up to 500,000 metric tonnes per year
of high quality Group III base oil through the
Abu Dhabi Oil Refining Company (Takreer), an
ADNOC Group Company. Group III base oils
are typically used to manufacture top tier, high
performance, engine oils. ADNOC’s Group III base oil has a high Viscosity
Index (VI), which means it will thicken less
as it gets cold and will thin out less at higher
temperatures, providing better lubricant
performance at both temperature extremes. It
also has Low Volatility (Noack) and a low Cold
Cranking Simulator (CCS) viscosity.
Abdulla Salem Al Dhaheri, Marketing, Sales
and Trading Director at ADNOC said: “We are
focused on achieving the best commercial value
from our crude and petroleum products, through
innovative and competitive marketing strategies
and the expansion of our client base. Our Group
III base oil uses Murban, Abu Dhabi’s light, sweet
crude oil, as feedstock, setting new standards
for quality and consistency.”
“Tighter emissions regulations are driving the use
of high performance lubricants in transportation.
This is in turn driving up the demand for Group
III base oils, which deliver improved performance
and increased fuel economy.”
“We aim to capitalise on ADNOC’s long-
established reputation for high quality products
to market ADNOC base oil to leading lubricant
makers in the USA, and worldwide. The USA is
one of the world’s largest importing markets of
Group III base oils and we are therefore excited
to work with Penthol to deliver our high-quality
product into an important global market,” added
Al Dhaheri.
Faruk Erkoc, Chairman at Penthol said: “Penthol
was proud to lift the very first cargo from the
32
Oil & Gas Leaders • June 2017
Group III base oils are greater than 90 percent
saturates, less than 0.03 percent sulfur and
have a viscosity index above 120. These oils are
refined more than Group II base oils, the most
widely used base oils for engine lubricants,
and generally are severely hydrocracked, using
higher pressures and heat. This longer process
achieves a purer base oil.
ADNOC has already completed API approval,
GF-5, and 0w20 for full synthetic motor oils,
and is actively working with additive companies
to achieve Original Equipment Manufacturers
(OEM) formulation approvals.