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Performance Highlights (IOC-Middle East-FZE)
Last Updated May 04, 2009
  • IOME achieved financial break-even in the year 2007-08 and is likely to record a profit after tax of Rs. 2.11 crore on a turnover of Rs. 50 crore.
  • SERVO lubricants were formally launched in Oman during the year.
  • During 2008-09, 107 flexi tanks of base oil were supplied as compared to 25 in the previous year. Finished lubes were exported to Oman, Qatar, Yemen, Bahrain, UAE and Nepal.
  • 80 drums each of engine oil and gear oil were supplied for the service network of TOYOTA vehicles in Oman.
  • During the year, various business possibilities were explored such as marketing of marine lubricants from the port of Fujairah, setting up of bulk tankages at the distributor’s / consumers’ end, setting up of lube blending facilities in UAE on partnership basis, etc.

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