Indian Oil Corporation (IOC) has signed an agreement with United Arab Emirates' National Oil Company (ENOC) Group. With this partnership, ENOC will expand its presence to over 180 ports in 28 countries to provide its customers with high-end marine lubricants and technical services. The agreement will also help building on IOC’s research and development infrastructure to mitigate future manufacturing challenges.
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.