October 31, 2017
Volume 7 Issue 3
Gazprom Eyes Pakistan Expansion
Gazpromneft-Lubricants last week confirmed it plans to expand its network of fast lube and car maintenance stations into Pakistan, though it refuted a fuel distributor’s claim to have been selected as a partner.
Lahore, Pakistan-based Euro Oil stated at a press conference early this month that it plans to open 300 fuel stations across Pakistan during the next three years and that it has entered a joint venture with Gazpromneft-Lubricants to market the latter’s lubricants and to build Gazpromneft-Lubricants’ G-Energy fast lube service centers at some stations.
Gazprom told Lube Report Asia that it has not settled on a partner in Pakistan.
“Pakistan has a prospective market for development of our network of G-Energy service stations with possible partners,” the company said. “At the moment we are reviewing different alternatives for possible partnerships.”
Gazpromneft-Lubricants said that Pakistan is part of a broader regional foray in the aftermarket sector. “This is an international project that the company is developing in Russia, Western Europe, in the Middle East and elsewhere.”
After Lukoil and Rosneft, the Moscow-based company is Russia’s third-largest lubricant marketer. In 2016 it held 15 percent of the country’s approximately 1.6 million ton per year market.