Texol Lubritech Wins USD 45 Million Contract from ADNOC

02 Jul 2024 CW Team

Texol Lubritech FZC, a subsidiary of Gandhar Oil Refinery India Limited, has secured a significant contract from Abu Dhabi National Oil Company (ADNOC) PJSC, valued at USD 45 million annually. The multi-year agreement, spanning from 2024 to 2026, involves Texol Lubritech's responsibility for manufacturing, packaging, labeling, and supplying various products to ADNOC Distribution.

Aslesh Parekh, the Promoter and Joint Managing Director of Gandhar Oil Refinery, expressed enthusiasm about the contract, stating, "We are thrilled to secure this landmark contract with Abu Dhabi National Oil Company. This agreement underscores our ability to deliver high-quality products and services on a large scale. We are confident that our partnership with ADNOC will enhance our presence in the Middle East and open avenues for future growth and collaboration."

Texol Lubritech FZC, based in the UAE, specializes in providing lubricants and other petroleum-based products. This contract with ADNOC represents a significant milestone in its strategic expansion and reinforces Gandhar Oil Refinery's position in the international market.

The agreement with ADNOC highlights Texol Lubritech's commitment to delivering excellence and reliability in the oil and gas sector, further solidifying its reputation as a trusted partner in the Middle East's energy industry.

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