Cepsa partners with GP for India entry

Cepsa partners with GP for India entry

Cepsa Trading SA has said it will produce and sell marine and power generation lubricants in India through a partnership with GP Global Energy Pvt Ltd.

While Cepsa Trading SA is a Spain-based oil company, GP Global is part of UAE-based GP Global (formerly called Gulf Petrochem).

GP Global will produce the marine lubricants line of Cepsa through a contract with its group company GP Petroleums Ltd, which runs a plant at Vasai in Mumbai.

As per the agreement, GP Global will manufacture, blend, package and import Cepsa-branded lubricants into India, the two companies announced at a news conference here.

Álvaro Díaz Bild, Vice-President, Marketing, Cepsa, said, “this partnership will strengthen Cepsa’s international brand and the expansion of our lubricant business.”

Image Credit : thehindubusinessline.com