Page 18 - DMEA Week 35

DMEA NEWS IN BRIEF DMEA

Emarat, Aquacool agree local LPG market by linking our operations, new markets for the Omani urea,” said Talal
deliveries, sales and customer care efforts
Al Awfi, Chief Executive, Commercial, OQ.
exclusive LPG supplier deal while utilising the best means of technology, & Trading portfolio into the nitrogen
This agreement will expand OQ’s Supply
artificial intelligence and automation.”
Emarat has signed a significant new Al Shamsi added: “This is a positive fertiliser market, complementing its existing
partnership agreement with a billing and step, aligning our services with the UAE dry bulk portfolio, whilst leveraging its
metering company, Aquacool Metering, leadership’s vision to automate services, mature logistics and risk management
a subsidiary of Emirates District Cooling make people’s lives easier, and achieve the capability as well as its strong industry
(EMICOOL), which is fully owned by highest standards of customer satisfaction. network. An additional agreement also saw
Dubai Investments, to become the exclusive We are aware that there is intense the debut of Urea Oman in the local market,
gas supplier to Aquacool’s entire residential, competition out there, but our strengths being marketed under the OQ brand, once
commercial and industrial portfolio. and in-house capabilities equip us to face all again expanding OQ’s robust portfolio of
The new partnership will allow kinds of market challenges.” energy and petchems products.
Aquacool’s customers in Dubai to be Mohamed Al Saif Al Kebti, chairman “We are pleased with the achievements
supplied by Emarat directly via a fully of Aquacool Metering, commented: that Omifco has accomplished during its first
integrated and automated online portal “Through smart solutions integrated 15 years. Omifco has enhanced its mandate
and application, a quick and convenient between Aquacool and Emarat, this and enabled its growth; not just as a supplier
process available 24 hours a day and seven partnership has come in at the right for its founding companies, but also to offer
days a week. In adherence with strict public time. In the current scenario, with public high-quality urea and ammonia products to
health and safety measures, customers will health and safety measures at top priority, the rest of the world,” said Hilal Al Kharusi,
be also able to use contactless card machine these kind of services reassure customers Chairman of Omifco..
payments on delivery of their gas cylinders. with uncompromised customer services.
Committed to upholding industry With the possibilities of extending this
standards, the agreement will see Emarat partnership to be in various business Nigeria to become gasoline
provide its partners with a safe and reliable models adapting latest solutions and
gas delivery solution. With no risk of enhancing the competences of LPG cylinder exporter in two years
tampering to the LPG cylinders, or their deliveries, directly from the source, the
seals, the partnership ensures Aquacool elimination of third parties is another Department of Petroleum Resources (DPR)
customers receive crucial reassurance, as added advantage offered to the end has said with some of the ongoing modular
well as excellent customer service. customers.” plants across the country, combined with
The deal with Aquacool is the first stage the Dangote refinery and the expected
in Emarat’s ambitious LPG growth strategy commencement of the three plants in Port
as the corporation aims to increase its OQ, Omifco sign 1mn mt Harcourt, Kaduna and Warri refineries,
customer portfolio and provide innovative Nigeria would become a net exporter of petrol
services and solutions across various granular urea deal in the next two years.
industries within the UAE. Through DPR Director, Mr. Sarki Auwalu, told
strategic partnerships, innovation and A three-year agreement was inked to offtake the Minister of Information and Culture,
modernisation, Emarat aims to set a and trade 1mn mt per year of granular urea Mr. Lai Mohammed, who visited the agency
benchmark for quality and service within between OQ, Oman’s globally integrated headquarters in Lagos that the flow of import
the LPG market. energy company, via its commercial arm OQ would be reversed when the new refineries
The deal is also considered an additional Trading, and Omifco. begin operations.
value to Aquacool by adding another utility, OQ’s Supply & Trading business will He added that the feat would be achieved
LPG, to the integrated smart solutions, be lifting the urea from Omifco’s captive through the combined capacity of 375,000
provided by Aquacool to their customers. terminal in Sur, Oman in bulk carriers and barrels per day from 27 modular refineries;
Partnership with Emarat is a commitment delivering it to end-users in international 650,000 bpd from Dangote refinery and the
to providing the highest level of products markets such as India, Sri Lanka, Pakistan, 450,000 bpd from the nation’s refineries,
and services to Aquacool stakeholders and the United States, Brazil, Vietnam, Thailand which are currently being fixed.
communities. and China. Auwalu assured the minister that
Ali Khalifa Al Shamsi, director general of The new agreement between the two already, Dangote integrated refinery and
Emarat, said: “Emarat is proud to lead this companies commenced on August 1, and petrochemical project, the biggest in Africa;
initiative, which will allow us to distribute the first vessel with 49,500 metric tonnes Waltersmith refinery with 7,000 bpd and
LPG cylinders directly to the end-users in departed to Brazil on August 2. others are almost nearing completion.
the Emirate of Dubai, through our exclusive “Omifco has positioned itself strategically He said the aspiration of DPR is to grow
partnership with Aquacool. We foresee in the urea and ammonia market globally, the country’s crude oil reserves to 40bn barrels
great opportunities to re-invent the service and we are quite proud of that. Now we have and gas to 210 trillion cubic feet, adding
standards and quality assurances in the a great opportunity ahead of us; targeting that the department would also, increase oil

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