Gazpromneft-Lubricants signs cooperation agreement with Kuwait Petroleum International
St. Petersburg. Gazpromneft-Lubricants Ltd, operator of the Gazprom Neft lubricants business, has signed an agreement with Kuwait Petroleum International (KPI, part of Kuwait Petroleum Corporation, one of the world’s leading oil producers) governing cooperation in research and development in lubricants production.
KPI specialises in lubricants development and production, and has three blending facilities throughout Europe. Pursuant to this agreement, Gazpromneft-Lubricants Ltd will be given access to high-technology production facilities at KPI’s blending plant in Antwerp (Belgium) — one of the largest and most up-to-date in Europe. In addition to this, Gazpromneft-Lubricants Ltd will be able to make use of its partner’s industry expertise in producing its own products under the Gazpromneft and, in the future, G-Energy and Gazpromneft Ocean brands.
“Launching this new project for developing production abroad in collaboration with a leading European partner will allow us to meet growing demand for our company’s products, as well as increasing our geographic presence in the markets of Western and Eastern Europe. Partnership with Kuwait Petroleum International is a major step forward in implementing our global strategy for developing Gazprom Neft’s international lubricants business.”