| IOC Middle East FZE is IndianOil's subsidiary overseeing business expansion in the Middle East. Mainly into blending and marketing of SERVO lubricants and marketing of petroleum products in the Middle East, Africa and CIS countries, the company also markets Group 1 and Group 2 base oils in Bulk and Flexis. IOME also undertakes Lube Seminars and oil analysis consultancy for knowledge sharing with several Customers, Distributors and OEM agencies. IOME exports finished lubes to Oman, Yemen , Bahrain, UAE and Nepal.
IOC Middle East FZE, has signed an agreement with Qatrat Naft LLC, a wholly-owned subsidiary of Al-Jeri Transportation Company, Saudi Arabia, in Oct. ’19 to form a JV Company for development of retail network in Saudi Arabia and other countries in the region.