GP Petroleums has inked pact with the UAE based Mag Lube to manufacture and market IPOL lubricants across the world. As part of the agreement, Mag Lube will pay a royalty to GP Petroleums for the formulation technology and brand.
The partnership will help the company in utilising the expertise of Mag Lube and its distribution to reach IPOL brand across the world, particularly in the Middle East and Africa to start with.
GP Petroleums, a part of the UAE based GP Global, is into manufacturing of industrial and automotive lubricants, process and transformer oils, greases and other specialties under the brand name IPOL in the country and overseas market.
