HPCL appoints Ghassan Aboud as distributor
UAE-based multi-business conglomerate Ghassan Aboud Group was appointed as a distributor for export markets by Indian public sector petroleum giant Hindustan Petroleum Corporation Limited (HPCL) through its 100 per cent subsidiary in the UAE, HPCL Middle East FZCO. As part of the collaboration with HPCL, the Ghassan Aboud Group will market an impressive range of products including auto lubricants, industrial lubricants, asphalt, solvents and others, it said. Ghassan Aboud, chairman of the group, said: “This is the beginning of important relationship for the group with such a preeminent giant in the lubricant industry.” “We are committed to deliver HPCL products across our extensive market network and achieve a progressive long-term partnership,” he added. Subhendu Mohanty, chief executive officer and director, HPCL Middle East, said: “Being a market leader in the huge and highly competitive Indian Lubricants Market, HP Lubricants is effectively poised to offer its products and services in the Middle East, Africa and CIS.” “The partnership with the Ghassan Aboud group provides the ideal synergy to cater to the requirements of lubricants and other petroleum products in the assigned regions,” he said. “Both HPCL Middle East FZCO, HPCL’s 100 per cent subsidiary in the UAE and the Ghassan Aboud Group are proud to partner together in this journey of mutual progress,” he added. R Sudheendranath, executive director Lubes & Lubes SBU Head HPCL India, said: “This partnership holds enormous potential for HP Lubricants and the Ghassan Aboud group to expand and reach out to several countries in their network with the high quality offerings of an established brand like HP Lubricants and other petroleum products from HPCL.” HPCL is a Global Fortune 500 company with $35 billion in revenues that owns and operates the largest lube refinery in India producing lube base oils of international standards. A vital part of HPCL, HP Lubricants is India’s largest lubricant marketer, which markets more than 450 grades of lubricants, specialties and greases manufactured in state-of-the-art blending plants spread across India, said a statement. The grades manufactured by HP Lubricants find applications in automotive, industrial, mining and construction, agriculture, fishing, defence and railways among others, it said. The Ghassan Aboud Group is engaged in the automotive, retail, media, real estate, hospitality, pastoral, catering sectors with presence in the UAE, Belgium, Australia, Jordan and Turkey, it added. Most notably, the Ghassan Aboud Group is an established player in the automotive supply-chain for 25 years, with a market reach of over 100 countries. Furthermore, the group is major enabler of automotive trade with its global hub in the UAE and complementary operations in Belgium and Jordan. It has an impressive infrastructure that includes sales, storage, logistics and transportation facilities.
Gas shortage in China’s Zhejiang province to deepen until 2020: Official
China’s eastern Zhejiang province will have a natural gas supply deficit of 2 billion cubic meters (bcm) in 2018 and 4.5 bcm in 2019 as consumption rises, Fan Xiaoning, president of Zhejiang Provincial Petroleum said on Thursday * Fan was speaking at the International Petroleum and Natural Gas Enterprise conference at Zhoushan, near Shanghai * Fan expects the gas shortage to widen until 2020, accounting for 30 per cent of total consumption by that year * Zhejiang Provincial Petroleum Co is part of Zhejiang Energy Group
Exxon Mobil looks to sign LNG supply deal with Zhejiang Energy: Executive
Exxon Mobil is looking to sign a long-term liquefied natural gas (LNG) supply deal with Zhejiang Provincial Energy Group, a senior executive said on Thursday, which would be Zhejiang Energy’s first long-term supply deal. Peter Clarke, president of Exxon Mobil gas and power marketing, was speaking at the International Petroleum and Natural Gas Enterprise conference at Zhoushan, near Shanghai. Exxon Mobil is stepping up its efforts to meet soaring LNG demand, coupling multi-billion dollar production projects around the world with its first mainland storage and distribution outlet.