GP Petroleums Ltd, subsidiary of UAE-based Gulf Petrochem Group, announced its strategic partnership with Spain’s Repsol petroleum company to exclusively manufacture and market Repsol’s premium quality lubricants across India. GP Petroleum’s flagship brand, IPOL, has been present in India for over four decades and is claimed to be one of the well accepted industrial lubricant brands. GP Petroleums has well equipped manufacturing facilities with hi-tech blending facility, quality-control test labs and automated filling and packaging stations.
The group’s in-house Base Oil Storage facility of 17,000 KL is said to be one of the largest in the Indian industry which uses remote sensing technology to accurately measure and control the storage volumes. It has an annual production capacity of 80,000 KL.
GP Petroleum believes that the economy is showing recovery and 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. Repsol officials added that the Indian market has great potential and will be a very important market for the company. The tie-up will help both the companies expand their footprints in this ever growing economy.