Business

Key Partnerships Propel Remarkable Growth from 2022 to 2023

ENOC Group, a prominent integrated global energy player, has reported a remarkable 120% growth in its marine lubricants business within the Greek market from 2022 to 2023. This substantial increase is attributed to several strategic agreements, aligning with the Group’s ambition to expand its presence in major marine markets globally.

ENOC’s marine lubricants division supplied over 2,700 vessels worldwide, delivering more than 24 million liters to over 300 ports in 2023. The extensive Strata marine lubricants supply network now spans 400 marine ports across 32 countries.

His Excellency Saif Humaid Al Falasi, Group CEO of ENOC, stated, “In line with our long-term growth strategy to meet the increasing demand for reliable, secure, and sustainable solutions internationally, we are focusing on appointing distributors in key maritime markets, including Greece, where we see significant potential. We are pleased with our growth trajectory so far and look forward to introducing our innovative solutions to the country and broader European markets.”

In a bid to support the maritime industry’s decarbonization efforts, ENOC Group recently introduced a comprehensive range of Environmentally Acceptable Lubricants (EALs) for marine vessels. This initiative underscores the Group’s commitment to promoting environmentally friendly lubricants within the global maritime community.

To bolster its position in Greece, ENOC Group co-hosted a technical conference with Technava, a supplier of maritime equipment and technical support to the Greek shipping sector. The event showcased ENOC marine lubricants to over 200 ship owners, dealers, and distributors.

Looking ahead, ENOC Group aims to expand its global Strata marine lubricants network by adding 80 new ports by the end of 2024.

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