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· Specialist IPOL lubricant to be distributed in UAE and Oman
· Partnership with UAE's NGC Energy and Oman's National Gas Company SAOG
· Operations to fully commence in Q3 of 2016
· Targets 100 MT/month volume in the UAE and Oman by the end of the first year of trading
Gulf Petrochem Group will distribute India's iconic IPOL brand of lubricants in UAE in partnership with NGC Energy, UAE, and in Oman in association with National Gas Company SAOG, Oman, following successful negotiations.
The partnerships, which have been signed for a period of five years, will bring together NGC Energy and its parent Oman-based organisation, National Gas Company SAOG, and Gulf Petrochem Group, all of which share a common customer base and commercial market.
Operations begun in Q2 2016, with National Gas Company SAOG and NGC Energy recruiting additional sales staff and developing infrastructure facilities, including warehouses and delivery vehicles as part of the agreement.
Gulf Petrochem Group Director, Mr Prerit Goel, who signed the agreement on behalf of the group, said: "This partnership seems like a natural step for all concerned and will only serve to enhance the availability of quality products on the market in the UAE and Oman. We believe there is a huge market in the region for IPOL, which is specifically tailored for industries, and in partnering with National Gas Company SAOG and NGC Energy, we have secured business with trusted firms who share our ambition and drive."
Both partners have already set targets of 100 MT/month of lubricant volumes each in the UAE and Oman, by the end of the first year of trading.
General Manager of National Gas Company SAOG, Mr Nalin Chandna, said: "Since we signed the agreement in September 2015, we have been working together to put all the necessary infrastructure in place, in order to meet our expected demand levels when operations begin. In this time we have seen similarities in the way we both work and believe our partnership can only be fruitful for all concerned. IPOL is a quality product which suits the market in the UAE and Oman and we are delighted to be able to distribute the product there."
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.
For further information, please contact:
Adil Elaouad | +971565053480 | adil@limelightprme.com
© Press Release 2016
