ENOC Group has signed a Memorandum of Understanding (MOU) with HMS Bergbau AG, a German-headquartered, international commodity trading company, to market and distribute ENOC’s marine lubricants portfolio in Spain and Türkiye.
The partnership marks a significant step in ENOC’s global expansion strategy; by extending its reach into high-growth maritime corridors that are vital to international trade and energy logistics.
Under the agreement, HMS Bergbau AG will leverage its network, logistics, and storage capabilities to ensure good delivery of ENOC Group’s marine lubricants in both countries.
Hussain Sultan Lootah, acting CEO of ENOC Group, said: “ENOC Group remains committed to advancing the UAE’s global energy footprint by strengthening our presence in strategic maritime hubs around the world.
ENOC expands global footprint, partnering HMS Bergbau for marine lubricants.
SOURCE | ENOC
This strategic partnership with HMS Bergbau AG extends our reach into new and dynamic markets and demonstrates ENOC’s agility and forward-looking approach as we continue to deliver world-class marine solutions that support global trade and enhance the reliability of vessel operations across key global hubs.”
Dennis Schwindt, CEO of HMS Bergbau AG, said: “This partnership marks an important step in diversifying HMS Bergbau AG’s portfolio and expanding our presence in the marine lubricants segment. By integrating ENOC’s proven technical capabilities with our robust European network, we are well positioned to deliver comprehensive, reliable solutions to customers. We value this collaboration with ENOC and look forward to further integration and cooperation in the future.” .