Khalifa Port Container Terminal in Abu Dhabi. Ravindranath K / The National
Khalifa Port Container Terminal in Abu Dhabi. Ravindranath K / The National
Khalifa Port Container Terminal in Abu Dhabi. Ravindranath K / The National
Khalifa Port Container Terminal in Abu Dhabi. Ravindranath K / The National

AD Ports signs agreement with Adnoc Distribution to sell lubricants globally


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AD Ports Group, the operator of industrial cities and free zones in Abu Dhabi, has said its Ports Cluster subsidiary will broaden operations to include the global distribution of marine lubricants.

The announcement follows a strategic agreement with fuel retailer Adnoc Distribution, the company said in a statement on Friday.

Ports Cluster, which owns or operates 24 terminals worldwide, will initially sell lubricants to customers in the UAE before expanding its reach to include a global network, AD Ports said.

AD Ports Group signed a strategic agreement with fuel retailer Adnoc Distribution. Photo: Adnoc
AD Ports Group signed a strategic agreement with fuel retailer Adnoc Distribution. Photo: Adnoc

“This agreement will see two major global corporations, with vast expertise in their respective fields, creating new opportunities within the marine lubricants market,” said Saif Al Mazrouei, chief executive, Ports Cluster, AD Ports.

“The distribution solutions … add tremendous value to our partners and stakeholders."

AD Ports has a presence in more than 40 countries. Under Kezad Group, part of AD Ports, it also operates more than 550 square kilometres of economic zones in Abu Dhabi.

The company has been rapidly expanding its presence in recent years. Last month, it signed an agreement to buy a majority stake in a key dry port in Tbilisi, Georgia.

In January, its Spanish operations division Noatum Terminals fully acquired APM Terminals Castellon for €10 million ($10.7 million) in a move to strengthen operations in the western Mediterranean region.

“By signing a strategic agreement with the Ports Cluster … we are further expanding the distribution base for our products, gaining access to over 70 international destinations,” said Bader Al Lamki, chief executive of Adnoc Distribution.

The Adnoc subsidiary’s fourth-quarter profit increased 61.4 per cent on an annual basis, boosted by a surge in retail fuel volumes sold. Revenue for the reporting period climbed by nearly 17 per cent annually to Dh9.56 billion ($2.6 billion).

Adnoc Distribution added 41 new stations in 2023, exceeding its full-year target to open 25-35 new stations across its network. The company expects to add 15-20 new stations across its network this year.

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Contracted list

Ashton Agar, Alex Carey, Pat Cummins, Aaron Finch, Peter Handscomb, Josh Hazlewood, Travis Head, Usman Khawaja, Nathan Lyon, Glenn Maxwell, Shaun Marsh, Mitchell Marsh, Tim Paine, Matt Renshaw, Jhye Richardson, Kane Richardson, Billy Stanlake, Mitchell Starc, Marcus Stoinis, Andrew Tye.

EMIRATES'S%20REVISED%20A350%20DEPLOYMENT%20SCHEDULE
%3Cp%3E%3Cstrong%3EEdinburgh%3A%3C%2Fstrong%3E%20November%204%20%3Cem%3E(unchanged)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBahrain%3A%3C%2Fstrong%3E%20November%2015%20%3Cem%3E(from%20September%2015)%3C%2Fem%3E%3B%20second%20daily%20service%20from%20January%201%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EKuwait%3A%3C%2Fstrong%3E%20November%2015%20%3Cem%3E(from%20September%2016)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMumbai%3A%3C%2Fstrong%3E%20January%201%20%3Cem%3E(from%20October%2027)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAhmedabad%3A%3C%2Fstrong%3E%20January%201%20%3Cem%3E(from%20October%2027)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EColombo%3A%3C%2Fstrong%3E%20January%202%20%3Cem%3E(from%20January%201)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMuscat%3A%3C%2Fstrong%3E%3Cem%3E%20%3C%2Fem%3EMarch%201%3Cem%3E%20(from%20December%201)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ELyon%3A%3C%2Fstrong%3E%20March%201%20%3Cem%3E(from%20December%201)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBologna%3A%3C%2Fstrong%3E%20March%201%20%3Cem%3E(from%20December%201)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cem%3ESource%3A%20Emirates%3C%2Fem%3E%3C%2Fp%3E%0A
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The specs: 2018 Renault Megane

Price, base / as tested Dh52,900 / Dh59,200

Engine 1.6L in-line four-cylinder

Transmission Continuously variable transmission

Power 115hp @ 5,500rpm

Torque 156Nm @ 4,000rpm

Fuel economy, combined 6.6L / 100km

Company%20profile
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- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns 

- margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars;

- energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces

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Steel company Evraz drops more than 10 per cent in trading after UK officials said it was potentially supplying the Russian military.

Sale of Chelsea Football Club is now impossible.

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