Kuwait Oil Tanker Company (KOTC) has renewed its contract with Lukoil Marine Lubricants for another three years.

The Kuwait Petroleum Corporation subsidiary has been using the company's marine lubricants on its tanker fleet since 2015.

"Lukoil has aided in our vision of pursuing commercially viable opportunities within the hydrocarbon shipping sector, and our mission of conducting operations to world-class standards in an efficient manner while promoting safety and environmental responsibility,” said Ali Shehab, chief executive of KOTC.

The shipowner's 24-strong fleet comprises VLCCs, product carriers, LPG carriers and bunker vessels.