| 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.
During FY 2014-15, profits grew by approx. 20% on finished lubes over the previous year. The Company also obtained new business from major customers in Oman and Qatar.