GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

After three successful years, Lukoil Marine Lubricants will once again supply Kuwait Oil Tanker Company's full fleet of various tanker vessels 

Dubai, United Arab Emirates - 11 June 2019:   Dubai-based subsidiary of LUKOIL, Lukoil Marine Lubricants (Lukoil), has reached a renewal agreement with the subsidiary of Kuwait Petroleum Corporation (KPC), Kuwait Oil Tanker Company (KOTC). For the past three years, Lukoil has supplied KOTC's full fleet of tanker vessels with their specialized product of marine lubricants. The new deal between the two companies will help to build upon the existing foundation of an already solid business working relationship. As per the contract terms, Lukoil will supply KOTC's 24-strong fleet consisting of Very Large Crude Carriers (VLCC's), Product Carriers, Liquefied Petroleum Gas (LPG) Carriers, and Bunker Vessels, for the next three years.
 
The official signing took place recently at KOTC office headquarters in Kuwait by June Manoharan, the Director of Lukoil Marine Lubricants and Ali Shehab, the Chief Executive Officer of Kuwait Oil Tanker Company. Multiple representatives from both companies attended during the meeting at which the contract terms were agreed upon, and the agreement was signed. Attendees from Lukoil's end included Regional Sales Manager Saif Anabtawi, Sales Manager Aravinth Sridharan, and Business Development Manager Joshan Manoharan. KOTC representatives included Team Leader for Dry Docking Bader Al Najjar, Acting Manager Jihad Al Bannay, and Superintendent Salim Al Shahoumi.

Voicing his satisfaction, Ali Shehab, the Chief Executive Officer of Kuwait Oil Tanker Company stated, “Though our business relationship with Lukoil has been brief thus far, the company and its personnel have demonstrated nothing short of first-class quality with both their marine lubricant product, and the excellent services they have provided us with during our three-year collaboration. Ultimately, deciding to renew our contract was the best decision for KOTC as through their services, Lukoil has aided in our vision of pursuing commercially viable opportunities within the hydrocarbon shipping sector, and our mission of conducting operations to world class standards in an efficient manner while promoting safety and environmental responsibility.”

Echoing a similar sentiment, Jihad Al Bannay, the Acting Manager for Kuwait Oil Tanker Company added, “Managing an extensive fleet, we are continually seeking optimization methods to enhance our operations. This is not just for the benefit of our business, and to the advantage of our clients, but also for the well-being of the environmental landscape. Since 2015, Lukoil has helped us achieve this by repeatedly proving their innovative and technological expertise within the industry. This is something we are deeply appreciative of, and it was a major factor which contributed to our ability to easily agree upon a contract extension.”

Effective partnership for more efficient fleet 

Bader Al Najjar, Team Leader for Dry Docking elaborated, “Given that our entire fleet of 24 vessels will be dry docking this year, the renewal of our deal with Lukoil couldn't have come at a more opportune time. In the past three years of using Lukoil's marine lubricants on board our vessels, our KOTC engineers have been very vocal about the numerous positive benefits which it has had in relation to previous products we have used. This combined with their iCOlube unit which works hand-in-hand to provide better vessel performance makes us optimistic about the next three years ahead.”

June Manoharan, Director of Lukoil Marine Lubricants emphasized, “This marks another landmark milestone for Lukoil as we seek to maintain our leading position in the market. We are thrilled to have reached this renewal agreement with KOTC both quickly and efficiently, and with both parties being more than satisfied with the final outcome. We understand the importance which Kuwait Oil Tanker Company places on being a world class provider of marine transport, and we are firmly committed to reinforcing their values and objectives through our products and services. Lukoil is certain that the next three years will be just as, if not more, remarkable than the past three and we are confident that our strategic partnership is a sign of great things to come in the future.”

Saif Anabtawi, Regional Sales Manager of Lukoil Marine Lubricants clarified, “Kuwait Oil Tanker Company is one of our most prestigious clients, and though they have been generous in highlighting how we have added value to their operations, the great benefit which their cooperation has provided our organization with cannot be overlooked. The latter part of this decade has been fruitful in terms of the partnership we have established and developed, and we are enthusiastic that the next decade shall be even greater.”    



Posted by : GoDubai Editorial Team
Viewed 14506 times
Posted on : Tuesday, June 11, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Refinitiv Oil Research: Tanker Attacks off Gulf of Oman on 13 June 2019
Next Story : UPS Makes Largest Purchase of Renewable Natural Gas Ever in the U.S.
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Move Aside C-beauty, K-beauty and J-beauty - There's a New Trend in Town and It...
Inglot Cosmetics Partners With Cartoon Network for Limited Edition “The Powerpuf...
Autumn/Winter 19: Step out in the latest styles with City Centre Deira and City ...
Think LUNETTE for an earth-friendly period
ACE launches its new and inspirational Outdoor collection
Dress for Diwali With the Rack by Kachins
Restoration by Parmigiani Fleurier -The Yusupov Egg
Chain Reaction
Sandro Launches Evening Capsule Collection
‘A Gift of Gold' offers at Malabar Gold & Diamonds
Celebrate guilt-free shopping to your fullest!
Handbags and Gladrags
VAIO returns to Middle Eastern in partnership with Nexstgo
Eighth World Championship title in all categories for Tissot Ambassador Marc Marquez
Unifonic empowers business to capitalize on instant messaging apps to engage wit...
New Strategic Partnership with Hewlett Packard Enterprise to help accelerate Abu...
MBRU and King Saud University in Saudi Arabia join forces to enhance academic co...
His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum Challenges the Cit...
Peugeot Boxer 4x4 Concept Revealed
Saudi Arabia's Ministry of Energy highlights enhanced cybersecurity credentials ...
Dubai Land Department welcomes Saudi Minister of Housing
Hazzaa AlMansoori Undergoes Medical Experiments at Stars City as part of His Sci...
During a press conference to announce the completion of preparations of Summit t...
Victoria Beckham Eyewear Debuts New Collection for Fall 2019
Team Abu Dhabi Stars Chase Double World Title Boost in China
Saif bin Zayed unveils first floating Smart Police Station
Al Tayer Motors launches New Ford Escort in the UAE
Headline: UAE all set for 10th edition of Annual Investment Meeting
The S Hotel Al Barsha reveals five new food and beverage offerings
Sofas for Lavish Lounging from 2XL Furniture & Home Decor
Save the Children Jordan launches TREE program “Transforming Refugee Education t...
Microsoft introduces team-empowering Surface Hub 2S to UAE market at GITEX Techn...
GITEX hosts global AI expert, international CEOs and honours retail, smart city ...
Leading public, private sector organisations line up to sponsor World Tolerance ...
Caparol Paints completes two decades of success, innovation and sustainability i...
Ajman Opens the Largest Private Academic Hospital in the Region
Dubai Cares unveils ground-breaking Early Childhood Development (ECD) solutions ...
Cambridge Assessment English witnesses a huge demand for OET (Occupational Engli...
Aquaplex with an eye on the future expansion of Specification sales, launches ne...
Halloween Celebrations at Le Meridien Dubai Hotel and Conference Centre
HE Hamad Obaid AlMansoori: Hazzaa has shown excellent health condition
Hazzaa AlMansoori reveals post flight details in a press conference
SCCI and UOS Announce Doubling of the Financial Value of Sharjah Chamber's Award...
du, NXN, & TELUS Health Collaborate to Optimise the UAE Healthcare Sector
Focus Softnet Launches its Artificial Intelligence Platform - AIFA at GITEX 2019
du, Nokia & SRTIP Sign a Strategic teaming Agreement to Bring Sharjah's Knowledg...
Hazzaa AlMansoori's return to the UAE is scheduled for Saturday 12th October
Nesma collaborates with Hytera for IoT-enabled mission critical communication te...
Ups Flight Forward Attains Faa's First Full Approval for Drone Airline
A new model for the ladies enriches the Corum AC-One collection with luscious fe...