Mumbai, June 17, 2015: GP Petroleums Ltd, subsidiary of Gulf Petrochem Group, a UAE-based leading player in the oil sector, today announced it had formed a strategic partnership with Spain’s No 1 petroleum company “Repsol” to exclusively manufacture and market Repsol’s superior and comprehensive line of premium quality lubricants across India, thus unfolding a new chapter in the history of Indian company’s operations.
With this, GP Petroleums, which has a strong presence in the industrial lubricants with its flagship brand IPOL, will now unleash a new aggressive marketing strategy in the automotive segment also with Repsol, a global leader in the lubricant space.
“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 Mr. Sudhir Goyel, Managing Director, Gulf Petrochem Group.”
“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 Mr. Orlando Carbo, Lubricants Director, Repsol.
Repsol’s products come with added benefits and special features that will cater to the newly emerging premium and top- end segment across markets in the country. IPOL has been present in India for over 4 decades & has established itself as one of the well accepted industrial lubricant brands. GP Petroleums has well equipped manufacturing facilities with hi-tech blending facility, quality-control test labs & automated filling & packaging stations.
The group’s in-house Base Oil Storage facility of 17,000 KL is one of the largest in the Indian industry which uses cutting edge remote sensing technology to accurately measure and control the storage volumes. It has an annual production capacity of 80,000 KL.
About Gulf Petrochem Group
Gulf Petrochem Group is a leading player in the oil industry, specializing in Oil Trading and Bunkering, Oil Refining, Grease Manufacturing, Oil Storage Terminals, Bitumen Manufacturing, and Shipping and Logistics. Headquartered in United Arab Emirates, and having a presence in South Asia, the Far East Asia, Africa and Europe, Gulf Petrochem has emerged as one of the well-established manufacturers and traders of petroleum products in major parts of the world.
About GP Petroleums Ltd
GP Petroleums ltd previously known as Sah Petroleums Limited, is an ISO 9001:2008 & EMS 14001:2004
certified company, specializes in designing, manufacturing and marketing, industrial & automotive
lubricants, process oils, transformer oils, greases and other specialties under the brand name IPOL in India
and internationally for more than three decades.
About REPSOL
Repsol is an integrated oil and gas company with presence in more than forty countries, employing over 27,000 people. Repsol is present along the whole energy value chain, including exploration, production, refining, transport, chemicals, retail sales and new types of energy.
The company has a production of more than 650,000 barrels of oil equivalent per day and a refining system which can process 998,000 barrels of oil per day. Repsol also distributes and sells fuels and lubricants through an extensive sales network of service stations. The company has specialised in deep water exploration for hydrocarbons, producing some of the world’s largest finds in recent years.
About Repsol Lubricants: Repsol Lubricants is a leading company present in more than 60 countries and producing its lubricants in 7 sites. Repsol lubricants has six decades of experience and comprehensive range of product for vehicles and the industry.