Petrol Ofisi Texaco Begins Lubricant Oil Production

Petrol Ofisi has started the first production of Texaco mineral oil products in Turkey. Petrol Ofisi announced that it has begun production of Texaco mineral oil products under an agreement signed between Petrol Ofisi and Chevron Brands International (Chevron). The agreement between Petrol Ofisi and Chevron covering the production, sales and marketing of Texaco-branded mineral oils in Turkey was signed in September 2020. Under the contract, sales and marketing of Chevron's Texaco-branded mineral oils will be conducted by Petrol Ofisi, which owns Turkey's widest mineral oil distribution and sales network and stands out with ambitious growth plans in the market. [caption id="attachment_132201" align="aligncenter"] .[/caption] Through this agreement, Texaco's world-renowned Havoline and Delo branded products will also be produced and sold in Turkey. As part of the cooperation, production has initially begun for Texaco-branded synthetic passenger car engine oils, heavy-duty engine oils, hydraulic, gear and gas engine oils. The product range will expand to cover all Texaco products, including some special series being produced in Turkey for the first time.

"The agreement marks the beginning of contribution"

Petrol Ofisi Chief Executive Officer Selim Şiper, highlighting that Petrol Ofisi's long-standing history distinguishes it as a sector leader in Turkey's fuel and mineral oil markets, "However, despite all our strength and size, we do not settle for what we have and aim to develop in every area. In 2020, despite pandemic conditions, the figures we recorded showed performance far exceeding expectations in every area and every line of business in which we operate. Even in these difficult times, we continued to innovate and create value. The most important example was in the field of mineral oils. During the Covid-19 period, we completed all our discussions with Chevron in less than a year, and as of September 2020, we took over all activities of Texaco products, Chevron's main mineral oil brand, in Turkey, including production. Now, having completed our preparations, we are proud to begin production of the first Texaco-branded products under this cooperation. This agreement, which is a sign of this successful cooperation and the first step, now symbolizes the beginning of development and the contributions to be made. I wish this first production to be auspicious for Petrol Ofisi, Chevron and our country" he said. "We are confident that we will reach our targets with a strong business partner like Petrol Ofisi" Chevron Europe General Manager and Global Marine Mineral Oils General Manager Pat McCloud said, "Turkey is an important market for Chevron and we are proud of the cooperation we have achieved with Petrol Ofisi." Drawing attention to the 70-year-old relationship between the two world brands, McCloud stated, "We are honored and excited to open a new chapter in our strategic relationship with Petrol Ofisi. Through the Chevron and Petrol Ofisi cooperation, we are determined to grow the Texaco brand in Turkey's mineral oil market both with consumers and in commercial and industrial terms. Our vision is to gain an effective market share in Turkey. As Chevron, we are confident that with a strong business partner like Petrol Ofisi, we will achieve our shared goals based on trust, integrity and performance" he said.

"The cooperation has been elevated to the next level"

Petrol Ofisi Mineral Oils Director Sezgin Gürsu, noting that they are Turkey's largest mineral oil brand with market share, more than 400 product varieties, the largest distribution and sales network, production and storage capacity, "Chevron is also one of the world brands in its field. These two strong brands have a deep and successful relationship spanning 70 years. In this long-standing cooperation, many successful projects have been implemented in recent times, as has been the case with marine oils. Today, we have elevated this cooperation to the next level. With this comprehensive, long-term agreement and the production that has begun, we are entering a new period with Chevron while further strengthening our long-standing cooperation and confidently continuing our strong growth journey" he said.