DUBAI, United Arab Emirates– Oman Trading International, a subsidiary of Oman Oil Marketing Co., inked an agreement with Kenyas Hass Petroleum to sell the Muscat-based marketers range of lubricants in the East African country and eventually other markets in Africa.
The deal follows Oman Tradings acquisition of a 40 percent stake in the Nairobi firm in June last year and will see Hass expand Oman Tradings lubricant footprint across Eastern, Central and the Horn of Africa. Hass already markets its own brand of automotive, industrial and specialty lubricants as well as a range of greases. As East Africas biggest economy, Kenya provides a springboard to the rest of the region, analysts say. Hass Petroleum Group CEO Issa Mohamed recently estimated the Kenyan lubricant markets value at around U.S. $180 million.
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Oman Oil is the sole distributor of the Castrol and BP brand of lubricants in the Sultanate of Oman, although the agreement with Hass covers two Oman Oil brands – Optimo and Maximo. Hass will market Optimo Diamond, an SAE 20W-50 complying with API SL/CF specifications and recommended for gasoline and diesel engines in both passenger and light-duty commercial vehicles.