ENOC Group has signed a memorandum of understanding with Germany-based HMS Bergbau, specializing in commodity trading, to market and distribute its marine lubricants in the Spanish and Turkish markets. This partnership is a key step in ENOC's strategy for global expansion in vital maritime regions and serving a broader customer base in fast-growing markets. According to a statement issued yesterday, under this agreement, HMS Bergbau will leverage its extensive network, high storage, and logistical capabilities to supply ENOC's products in Spain and Turkey. The Acting CEO of ENOC Group, Hussein Sultan Lootah, stated: "The Group is committed to enhancing its presence and competitiveness in major ports worldwide by providing ships with reliable products that meet the evolving needs of customers. Our partnership with HMS Bergbau to market marine lubricants in Spain and Turkey is a tangible testament to this commitment, and this agreement aligns with our priority to be the partner of choice for stakeholders in the global maritime transport sector." He added, "The marine lubricants produced by ENOC play a pivotal role in ensuring operational efficiency and extending the engine life of ship fleets traversing vital sea lanes. By integrating ENOC Group's reliable technical capabilities with our strong European network, we are ideally positioned to offer comprehensive and reliable solutions to our customers." It is worth noting that HMS Bergbau boasts extensive experience of over 30 years in global raw materials and energy markets, specializing in trading a wide range of commodities such as coal, oil, refined products, marine fuel, lubricants, ores, and metals, and is a trusted partner for many government institutions and private companies in the Americas, Europe, Asia, the Middle East, and Africa. This partnership also supports ENOC's goals for international expansion and opens new avenues for expanding marine lubricant sales to cover over 900 ports by the end of 2025." In turn, a representative from HMS Bergbau, Denis Schwendt, said: "This partnership represents a significant step in diversifying HMS Bergbau's portfolio and expanding our presence in the marine lubricants sector."
