US car manufacturer General Motors has granted approval for the use of a high-performance base oil manufactured by Adnoc to be used in the US market, the Abu Dhabi firm said in a statement on Thursday.
"We have initiated a broad licensing programme for our high-quality base oil, ADbase, and have already secured a number of important formulation approvals," said Abdulla Salem Al Dhaheri, marketing, sales and trading director at Adnoc.
"This supports our goal of broadening and expanding our client base, while also achieving the best commercial value for our products," he added.
The formulation approval would allow for the ADbase product to find uses as a high-performance engine lubricant in the US automotive industry.
Adnoc signed an agreement in February to sell base oil to Europe as the firm looks to increase its product market share globally as part of a strategy to grow downstream.
The agreement follows the start-up of Adnoc's 500,000-tonne capacity base oil plant in Ruwais last year. Arabian Gulf state oil companies like Adnoc and Saudi Aramco have increasingly fine-tuned their strategy to sell more products to create alternative revenue streams.
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Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
Company%20Profile
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Omar Yabroudi's factfile
Born: October 20, 1989, Sharjah
Education: Bachelor of Science and Football, Liverpool John Moores University
2010: Accrington Stanley FC, internship
2010-2012: Crystal Palace, performance analyst with U-18 academy
2012-2015: Barnet FC, first-team performance analyst/head of recruitment
2015-2017: Nottingham Forest, head of recruitment
2018-present: Crystal Palace, player recruitment manager
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Company profile
Name: Back to Games and Boardgame Space
Started: Back to Games (2015); Boardgame Space (Mark Azzam became co-founder in 2017)
Founder: Back to Games (Mr Azzam); Boardgame Space (Mr Azzam and Feras Al Bastaki)
Based: Dubai and Abu Dhabi
Industry: Back to Games (retail); Boardgame Space (wholesale and distribution)
Funding: Back to Games: self-funded by Mr Azzam with Dh1.3 million; Mr Azzam invested Dh250,000 in Boardgame Space
Growth: Back to Games: from 300 products in 2015 to 7,000 in 2019; Boardgame Space: from 34 games in 2017 to 3,500 in 2019
