GP Petroleums Ltd, a 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 number one petroleum company "Repsol" to exclusively manufacture and market Repsol's superior and comprehensive line of premium quality lubricants across India.
GP Petroleums already has a strong presence in the industrial lubricants sector. The partnership with Repsol will allow the company to unleash a new aggressive marketing strategy in the automotive segment.
Managing Director of Gulf Petrochem Group, Sudhir Goyel, expressed delight at the tie-up and said that his company will be marketing Repsol's entire product range.
"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," he said.
Meanwhile, Lubricants Director of Repsol, Orlando Carbo, said that the tie-up will help his company to expand footprints in growing Indian economy.
"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," he said.