Industry

Chevron signs deal with Rock Energy to market its lube products in Bangladesh

Chevron Lubricants Lanka PLC, a part of Chevron Corporation, recently signed an agreement with Rock Energy for marketing its lubricant products in Bangladesh.

Under the deal, Rock Energy was appointed as its sole marketer in the country.

This agreement entrusts Rock Energy with the marketing of Caltex branded lubricants in Bangladesh, including Chevron’s proprietary Havoline and Delo-branded lubricant products, said a release of the US company.

Caltex lubricants have been available in Bangladesh since 2006 and the brand enjoys high levels of acceptance and recognition in the automotive and industrial segments of the market.

Consumers in Bangladesh can look forward to sustained supplies and greater availability of Caltex branded lubricants countrywide with this development.

Commenting on the venture, Najam Shamsuddin, Managing Director & CEO of Chevron Lubricants Lanka PLC, said, “We are extremely pleased to be in collaboration with Rock Energy for the distribution of Caltex branded lubricants in Bangladesh”.

Rock Energy is a subsidiary of one of Bangladesh’s fastest-growing business conglomerates, with over thirty years of experience in diversified business operations, including their flagship business in the oil and gas sector.

Managing Director of Rock Energy, Tanzeem Chowdhury, shared his views on the partnership with Chevron, “In Bangladesh, the automotive sector has come back to full swing after lockdowns due to the pandemic”.

These thrust sectors, along with the on-going mega infrastructure projects undertaken by the Government of Bangladesh, present fantastic opportunities to supply world class lubricant solutions, he said.

An established industry leader, Chevron Lubricants Lanka PLC markets global lubricant brands such as Caltex, Havoline and Delo.

Sales of lubricants into Bangladesh come under the purview of Chevron Lubricants Lanka PLC as an export market. The Company was incorporated in 1992 and is based in Colombo, Sri Lanka.

Chevron is one of the world’s leading integrated energy companies which produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance the business and the industry.

Source: United News of Bangladesh