Abu Dhabi – Mubasher: The Abu Dhabi National Oil Company (ADNOC) has concluded an exclusive agreement with Switzerland’s Chemlube S.A. to appoint it as the exclusive seller of its Group III Base Oil product in Europe, the UAE-based energy group said on Thursday.

ADNOC launched ADbase, the new ADNOC Base Oil brand, following the singing of the deal, at the Shakespeare Globe Theatre, in London, according to a company statement.

“The signing of the European sales agreement and the launch of the ADbase brand underline ADNOC’s commitment to achieving the best commercial value from its crude and petroleum products,” marketing, sales, and trading director at ADNOC Abdulla Salem Al Dhaheri said.

“We are excited to be partnering with ADNOC to deliver its high-quality Base Oil to our European customers,” Chemlube’s business development director Joe Rousmaniere concluded.