The agreement signed between Petrol Ofisi, the leader of Turkey’s fuel and lubricants sectors, and Chevron, one of the world’s leading oil and lubricant companies, covers a long-term strategic partnership. This cooperation has a holistic scope that includes the licensing, production, distribution and marketing of Chevron’s lubricant products under the Texaco brand.
In scope of this deal, Petrol Ofisi and Chevron have started joint work on technology development and production preparation. Simultaneously, Petrol Ofisi will also start distributing and selling Chevron’s Texaco-branded passenger car lubricants, heavy duty lubricants and industrial products, with its 16,000 points of sale all around Turkey. Once the relevant preparations are completed, it is planned to start the production of Chevron’s lubricant products in Turkey in 2021. All of the products that are produced in Turkey will be distributed and marketed by Petrol Ofisi under the Texaco brand.
This agreement signed between Chevron and Petrol Ofisi is not the first collaboration between the two brands. Since 2014, Petrol Ofisi has assumed the distribution and marketing of Chevron’s marine lubricants. The mutual trust and satisfaction from this successful collaboration has been one of the key factors that laid the ground for this long-term agreement between Petrol Ofisi and Chevron.
“This deal is also an indicator of Chevron’s trust in Petrol Ofisi and Turkey”
Selim Şiper, CEO of Petrol Ofisi, pointed out Petrol Ofisi's goal for providing quality products and services and its customer-oriented approach. “In the lubricants sector, of which we are the leader with this approach, we offer ideal solutions to Turkey’s needs in this field with our 16,000 points of sale all across Turkey, and our wide product range covering more than 400 products that we develop in the Petrol Ofisi Technology Center – POTEM and produce in our plant in Derince. We are now expanding these ideal solutions even further with Chevron products. Our long-term and wide-ranging cooperation with Chevron is, in a sense, a good indicator of Petrol Ofisi's success in production, distribution and marketing in the field of lubricants. This signature by Chevron also reveals their confidence and trust in Turkey and the potential of our country,” he said.
“Our deal symbolizes the beginning of a new area in our collaboration”
Colleen Cervantes, President of Chevron Lubricants, said: “The first cooperation agreement between Chevron and Petrol Ofisi was signed 70 years ago. This deal symbolizes the beginning of a new and important era. Petrol Ofisi is the leading actor in Turkey’s fuel and lubricants sectors. The strong synergy between Petrol Ofisi and Chevron will further develop this new brand extension opportunity.”