Polish lubes marketer Lotos Oil announced Monday that it had expanded its supply in Azerbaijan, its second Caucasus market after recently establishing a foothold in Georgia.
The company recently signed an agreement with its partners to supply motor oils to KIA Motors official dealers service stations in Azerbaijan. At the moment we supply about 1,000 tons of [finished] lubricants annually in Azerbaijan and account for around 10 percent of the market, the figures are growing every year, Cezary Kogucik, Lotos Oils commercial director, said at a press event last week in Krakow. Lotos Oil is part of the Polish oil major Lotos Group.
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