UAE’s ENOC Group (Emirates National Oil Company) has announced a strategic alliance with Indian Oil Company (IOC), the largest commercial oil and gas company in India worth $63 billion, a statement said on Wednesday.
The partnership includes R&D efforts and to jointly develop cylinder oil compliant to the Sulphur cap of 0.5 percent from the current 3.5 percent.
The environmental impact of these efforts on ocean transportation will have technical, operational and commercial consequences, the statement added.
The partnership will also enable ENOC to obtain approvals from existing manufacturers in the Indian Subcontinent more swiftly, through IOC’s R&D center – which is sought to be one of the largest centers in Asia.
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