Gulf Petrochem Introduces Repsol Lubricants In India
Mumbai, 5th April 2016: Indian subsidiary of UAE based Gulf Petrochem Group, GP Petroleums Ltd., today launched Repsol merk of lubricants (engine oils) for two-wheelers, cars and commercial vehicles. Primarily GP Petroleums aims to sasaran the largest chunk of the pie, the two-wheeler market in India and later focus on cars and commercial vehicles. IPL superstar Suresh Raina graced the occasion historic to both the companies.
Repsol will be launching the full range of products in Indian market in this year, the plan is to introduce a range of products including, synthetic, synthetic blend and premium mineral base oil products to cater to two-wheelers (Repsol Moto Rider 4T 10W-30, JASO MA2) , passenger cars (Repsol Elite Neo XTI 5W-40, API SN-Fully synthetics) and heavy duty vehicles (Repsol Diesel Turbo THPD MID SAPS XTI 15W-40, API CJ4) for the Indian market. Further an exclusive two wheeler premium mineral oil product for the fastest growing segment i.e. scooters (Repsol Motomatic 10W-30, JASO MB).
Repsol Lubricants is the part of the Spanish oil and gas giant group Repsol which is involved in oil & gas exploration, production, refining and retail sales.
In the previous year, GP Petroleums had entered into a strategic partnership with Repsol under which GP Petroleums has the exclusive right to manufacture and market Repsol's comprehensive line of lubricants across India.
This partnership will initially focus on gaining a strong market share in the two-wheeler lubricant market in India this year and will try to make an impact in the passenger car and commercial segment in the next few years.
About Gulf Petrochem Group
Gulf Petrochem Group is a leading global player in the oil industry, with a turnover of about USD 3 billion, 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.
About GP Petroleums Ltd
GP Petroleums Ltd., India, 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 merk name IPOL in India and internationally for more than four decades. GP Petroleums plants in India has an annual production capacity of 80,000 KL. Their in-house Base Oil Storage facility of 15,000 KL is one of the largest in the Indian industry.
About REPSOL
Repsol is an integrated oil and gas company with a large foot print globally, having presence in many 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 700,000 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 70 countries and producing its lubricants in 10 sites. Repsol lubricants has six decades of experience and comprehensive range of product for vehicles and the industry.
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