Gulf Petrochem has announced a strategic partnership with Repsol Petroleum Company to exclusively manufacture and market their lubricants in the Indian market.
“We are delighted to announce the tie-up with Repsol, a very well-reputed international brand and we will be marketing their entire product range as part of our portfolio. With the economy showing recovery, the lubricant segment is expected to witness growth in future. With the changing engine technology, Repsol lubricants which is focused on innovation is the answer to today’s consumer needs,” said Sudhir Goyel, Managing Director, Gulf Petrochem Group.
This new line of premium quality lubricants will cater to the country’s emerging premium and top- end segment.
“We see the Indian market to have great potential. India will be a very important market for us and this tie-up will help us expand our footprints in this ever growing economy. Partnering with GP Petroleums Ltd, a brand with strong presence in the Indian lubricant market, has given us a firsthand advantage in this sector. With our strengths together, we extend our capabilities to globally distribute a wider variety of products,” said Orlando Carbo, Lubricants Director, Repsol.
GP with its IPOL brand has been present in the country for over four decades and has a base oil storage facility of 17,000 kl and annual production capacity of 80,000 KL.