Gazprom Neft Sets-up Lubes Shop in Singapore
Russian oil and gas company Gazprom Neft has established Gazpromneft Marine Lubricants, a new operating company with an office in Singapore.
The new business will manage the sales and logistics network for the group’s marine lubricants in Southeast Asia and Europe. The group aims to achieve a 4% market share in the international marine lubricants market by 2030.
The marine lubricants and oils range, available under the Gazpromneft and Gazpromneft Ocean brands, includes 43 branded high-tech products for all kinds of marine equipment, with the range including, specifically, 15 kinds of Gazpromneft Ocean engine lubricants for two- and four-stroke engines, the formulations of which have been developed in line with international shipping requirements and the provisions of the MARPOL-2020 convention.
"Gazprom Neft’s strategy to 2030 envisages expanding our geographic coverage in sales of marine lubricants. We are planning a significant increase in the production and sale of specialist lubricants, and expect to achieve a four-percent market share in the international marine lubricants market by 2030," Anatoly Cherner Deputy CEO for Logistics, Processing and Sales, Gazprom Neft said.
"Opening an operations office in Singapore — the center of international shipping, where one of the world’s most important port-hubs is located — will allow us to expand our production and logistics network more effectively, through the company’s own lubricants plants in Russia and partnering blending facilities abroad," he added.