Gazprom Lubes Enter Israel

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Russian lube marketer Gazpromneft-Lubricants and Israel-based Negev Distribution Lubricants signed a procurement deal.

The deal envisages delivering around 2,000 tons of finished lubricants and technical fluids to Negev Distribution in the course of 2015. Gazpromneft already shipped to Israel 200 tons of its production.

The assortment includes an array of our products under G-Energy and Gazpromneft brands, the Russian oil major said in its Feb. 17 news release. It includes motor and transmission oils for different types of gasoline and diesel engines for passenger cars, microbuses and light commercial vehicles, as well as oils for heavy-duty vehicles and for highway and off-highway machinery.

The company is Russian oil major Gazpromnefts lube arm.

At this moment, over 50 percent of our total production is sold abroad, and last year the company exported lubricants to 10 additional countries, said Alexandr Trukhan, Gazpromneft-Lubricants general director. The start of sales in Israel is a step further in solidifying our position in the international markets, he said.

Negev Distribution Lubricants Ltd. is a subsidiary of Israeli energy company Binol Group. It works in business-to-business and business-to-consumer segments, and its main line of operation is supply of lubricating materials and car maintenance products to the territories of Israel and the Palestinian Authority.

After Lukoil and Rosneft, Gazpromneft is the third largest lube marketer in Russia.

In 2014 it held a 14 percent share of the countrys market and produced 500,000 tons of base oils and finished lubricants, according to the company. Its products includes 470 different types of oils and greases for all market segments. It operates five lubricant manufacturing facilities located in Russia, Serbia and Italy. Gazpromneft products are sold in 50 countries total.

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