Central America / TotalEnergies Marketing USA, Inc. and Terpel Panama announce strategic partnership for the distribution of high-performance engine oil products in Panama
The multi-energy company and the fuel company sign a national strategic alliance in Panama
TotalEnergies and Petrolera Nacional, S.A. under its commercial entity Terpel Panama have sealed a strategic partnership for the commercialization of TotalEnergies’ innovative lubricants product portfolio. This collaboration will bring TotalEnergies’ products to a wider audience and available at Terpel’s network of service stations across the country. This includes the entire wide range of motor oils for light vehicles produced by TotalEnergies.
Terpel Panama, a subsidiary of Compañía de Petróleos de Chile (COPEC S.A.), counts with 192 service stations, 130 fleet stations, 75 full-service stations and more than 60 convenience stores throughout the country where TotalEnergies lubricants will be available.
“Through this alliance, we expand the availability of our products in the service station network in the country. This type of agreement is key to continue offering the end consumer the wide range of TotalEnergies lubricants for all types of vehicles, strengthening our omnichannel presence,” said Franck Bagouet, CEO and President of TotalEnergies Marketing USA, Inc.
“As Terpel Panama, we have an extensive network of service stations throughout the country. We know our customers and we know that they place significant importance on the quality of our fuels, so this agreement with TotalEnergies will allow us to also offer them the best quality lubricants on the market. We are certain with this important partnership we will be able to grow strongly in the coming years,” said Gustavo Rodriguez, CEO, Terpel Panama.
Francisco Ovalle, Head of Central America and Belize at TotalEnergies Marketing USA, Inc. added, “With more than 10 years in Panama and across Central America, number one marine lubricant, power generation and LNG supplier in the country, this partnership will expand the availability of our products in the retail market. This type of agreement is key for us to continue offering the final consumer the range of TotalEnergies lubricants for all types of light and heavy-duty vehicles. Our partnership is a testament of our dedication to expanding our global footprint. Panama’s markets hold immense potential, and with Terpel Panama’s local expertise, we are poised to provide exceptional lubrication solutions to a wider customer base.”
About TotalEnergies:
TotalEnergies is a global multi-energy company that produces and markets energy: oil and biofuels, natural gas and green gases, renewables, and electricity. Our more than 100,000
employees are committed to energy that is ever more affordable, cleaner, more reliable, and accessible to as many people as possible. Active in 130 countries, TotalEnergies puts sustainable development in all dimensions at the heart of its projects and operations to contribute to the well-being of people. TotalEnergies – integrated multi-energy company | TotalEnergies.com
About the Marketing & Services division of TotalEnergies:
TotalEnergies’ Marketing & Services business segment offers its professional and private customers a wide range of broad energy products and services—petroleum products, biofuels, charging and related services for electric vehicles, gas for road and maritime transportation—to support them in their mobility and help them reduce their carbon footprint. Every day, over 8 million customers visit our 16,000 service-stations all over the world. As the world’s number four in lubricants, we design and sell high-performance products for the automotive, industrial, and maritime sectors. And to provide the best response to the needs of our B2B customers, we deploy our sales forces, our international logistics network, and our diverse range of products. We operate in 107 countries, where our 31,000 employees are close to all customers. TotalEnergies Lubricants
About TotalEnergies Marketing USA, Inc.:
TotalEnergies Marketing USA, Inc. Headquartered in Linden, NJ, and part of the Americas Division for the Marketing & Services Branch of the TotalEnergies Company. We are proud of the global heritage of our parent company, TotalEnergies, the fourth largest oil and gas company in the world. TotalEnergies Marketing USA, Inc. operates through several business lines representative of the TotalEnergies Company. The business lines include products such as: Hi-Perf Motorcycle Engine Oil, Quartz Engine Oil, Rubia Heavy Duty Engine Oil, Kleenmold Glass Lubricants, and TotalEnergies Industrial Lubricants. TotalEnergies | Oils & Lubricants, Special Fluids, Solvents, Motorsports, Additives, Specialty Fuels
Source: TotalEnergies Marketing USA, Inc.