The UAE’s state-run oil company Abu Dhabi National Oil Company (Adnoc) has signed a long-term sales agreement with Indian Oil Corporation (IOC) for its high-quality base oil ADbase. Indian Oil will use the ADbase oils to manufacture high-end engine oils for India’s growing automotive sector.
IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.
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